Ireland - BoI predicts 3% economic growth for 2008
Bank of Ireland has predicted that the economy will grow by as much as 3% this year and that 40,000 jobs will be created. This is in sharp contrast to recent forecasts from other organizations such as the ESRI, which has predicted no growth in employment at all. However, Bank of Ireland Chief Economist Dan McLaughlin insisted today that strong employment growth in the services sector would more than compensate for job losses in the construction sector.
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