KONTAN.CO.ID - DUBLIN. Ireland's central bank warned on Friday that Brexit is not the only risk to the Irish economy, with rising wages and a diminishing supply of available labour possible problems at a time when the international economic outlook has weakened. The Irish economy has been the best performing in Europe since 2014. But in its latest quarterly bulletin, the bank lowered its expectations for GDP growth this year to 4.2 percent from 4.4 percent, while keeping the forecast for 2020 at 3.6 percent. "We expect growth to moderate in 2019 and 2020," said Mark Cassidy, the central bank's Director of Economics and Statistics.
Irish central bank warns Brexit not the only risk to economy
KONTAN.CO.ID - DUBLIN. Ireland's central bank warned on Friday that Brexit is not the only risk to the Irish economy, with rising wages and a diminishing supply of available labour possible problems at a time when the international economic outlook has weakened. The Irish economy has been the best performing in Europe since 2014. But in its latest quarterly bulletin, the bank lowered its expectations for GDP growth this year to 4.2 percent from 4.4 percent, while keeping the forecast for 2020 at 3.6 percent. "We expect growth to moderate in 2019 and 2020," said Mark Cassidy, the central bank's Director of Economics and Statistics.