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Growth forecast cut by 2% in face of ‘higher-for-longer’ inflation | Business Post

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Growth forecast cut by 2% in face of ‘higher-for-longer’ inflation, peterodwyer1 reports.

Paschal Donohoe, the finance minister, today published new forecasts from the Department of Finance. Picture: RollingNews.ie

The government has cut its growth forecasts for this year by more than 2 per cent in the face of"higher-for-longer" inflation as the costs associated with the war in Ukraine continue to mount. Paschal Donohoe, the finance minister, today published new forecasts from the Department of Finance in which officials warned of the negative effect of rising energy and commodity prices on the country’s economic prospects.€-EUR

 

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