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THE INTERNATIONAL MONETARY FUND has downgraded its expectations of growth in the Irish economy for 2011 and 2012 – blaming the slower-than-expected recovery of the global economy for the move.
In a paper issued yesterday follow the completion of its last quarterly review, the IMF said it was lower its projected growth rate for the Irish economy to 0.4 per cent this year, and to 1.5 per cent in 2012 – down from 0.6 and 1.9 per cent respectively.
“The growth outlook for key trading partners – the euro area, the US and the UK – has worsened substantially,” the IMF’s report said, saying the indicators for export growth had already begun to show a slump.
“Staff have therefore lowered projections for growth in demand for Irish exports, especially in 2012, although the impact on activity will be cushioned by the high import-content of Irish exports.
“For the September World Economic Outlook, staff will lower the projected Irish growth rate to 0.4 per cent in 2011 and to about 1½ per cent in 2012.”
The IMF had previously predicted growth of 2.4 per cent in Ireland’s GDP in 2013, and of 2.9 per cent in 2014. It has not yet indicated how these figures may be revised.
The document did have good news elsewhere for Ireland, saying the reduction in bailout interest rates approved by the EU in July, but called for further measures to help bring Ireland back to the bond markets and off EU-IMF support.
Among the IMF’s other projections for this year is that the rate of unemployment would stand at 14.3 per cent, and that net exports would rise by 3.5 per cent while demand in the domestic economy would fall by about the same amount.
Hilary Clinton: “It’s time to have a woman in the Oval Office”.
Bill Clinton: “Been there, done that.”
Hillary Clinton died and went to heaven. As she stood in front of Saint Peter at the Pearly Gates, she saw a huge wall of clocks behind him. She asked, “What are all those clocks?” Saint Peter answered, “Those are Lie-Clocks. Everyone on Earth has a Lie-Clock. Every time you lie, the hands on your clock will move. “Oh,” said Hillary, “whose clock is that?” “That’s Mother Teresa’s. The hands have never moved indicating that she never told a lie.” “Whose clock is that?” “That’s Abraham Lincoln’s clock. The hands have only moved twice telling us that Abe only told 2 lies in his entire life.” “Where’s Bill’s clock?” Hillary asked. “Bill’s clock is in Jesus’ office. He’s using it as a ceiling fan.”
sanders for president
Sanders is a class act, a trait that renders him completely unsuitable for the President of the USA job.
people red-thumbing the Clinton haters really dont have a clue….You do know shes funded entriely by Wall Street right??
*almost entierly
And you know her husband is a rapist right?!
Absolutely hate Hilary
She is a war criminal!
Feel the Bern!
TYT
Scary piece of work. She’ll have the same old advisers her husband had and Bush and Obama pulling the war mongering strings from behind the scene and oiling the wheels of the military industrial complex bringing America to its knees while greasing the filthy palms of the same old oligarchs that run the world. Hilary is dangerous and she loves war and guns just doesn’t want them in the hands of ordinary people just the military machine they use to stomp all over other parts of the world if theres something they want., America is waking up slowly maybe thats why they want the guns, before the American people realise what these criminals are really about and use the guns on them.
I knew the networks where up to something dodge, with Clinton tipped to win because they all sunk money into her. But watch the second video taking about healthcare. Every time she talks there an audience clap edited in!?! Then listen to Bernie and the actual audience claps. This is absolutely ridiculous.
The head of the DNC is a Clinton supporter, helped run her previous campaign, and SHOCK HORROR, Debbie (the DNC chair) puts these debates on Sunday nights when nobody will watch! It can’t be that she’s trying to prevent Sanders from getting hay could it? Nah…
Good old Billary
The FBI might have the final say on how far Hillary’s campaign goes.
Clinton is a nasty piece of work as are ALL the Republican candidates. Jill Stein all the way. Unfortunatly snowmen have a better chance in hell.
Carlin Ite: How can you say she is nasty like all of the republicans, just look at this video showing all the differences between Hillary and the republicans.
Same ol same ol – Like here only bigger!
Not at all like here. Not even a little bit, and we should be really glad there is no such similarity, the more I see their politics and news the more I realize it, and am grateful for it.
-Over here free tuition fees and up (mostly) free ( and getting freeerr) healthcare is normal, over there its’ a socialist pipe dream fantasy
-Over here our cops have shot around 5 people in the last 10 years, none of them unarmed, over there it’s common for the person who calls 911 looking for help, or a family member, gets gunned down (usually unarmed)
-Over here we take instant run-off voting, proportional representation etc for granted, over there it’s a pipe dream
-Over here a Prime Minister has to resign for tapping journalists phones, over there they hoover up meta data from everyone and it’s abused all the time.
All the American hatred is just amazing , maybe all the American companies should leave Ireland ? Or maybe the thousands of Irish people welcomed there should leave ?
Hillary Clinton is an evil warmonger , she should be in prison.
Republicans keep on knocking the very successful ‘Affordable Health Care Act’ ,which basically transfers the liability from the government to the individual ..Ironically, a Republican viewpoint.
Obamas healthcare plan was the plan Bob Dole replied to Clintons old plan with in the 90s, but to listen to them talk about it you’d swear it was collectivizing agriculture and nationalizing the local shops. It’s just universal private insurance, with govt subsidies, run through a central website where you choose your plans…that’s it. It does not even have a public insurance option (Obama didn’t try for one) and does not even cover everyone.
Obamacare (ACA) is an amalgam of many different ideas but most closely follows what Mitt Romney did in Massachusetts.Which is the real irony of the Republican position and one that Mitt Romney could not square in the last election.
You see public option or single payer is predicated upon an ideology of collectivism which Americans tend to shoot down, at least when it suits them. The rugged individualist, AKA the Lone Ranger, until stuff gets real, then it becomes “what benefits can I get from society”
The ACA is so much more than what you have described
First it ended exclusions from coverage people with pre-existing conditions
this was huge and saved countless lives
God forbid you get cancer, go to chemo, lose your job, then you were unable to get health insurance EVER AGAIN unless you worked for a company that offered health insurance that was not underwritten. Which means you were basically sentenced to a death sentence. Hospitals have to treat emergent care, i.e. the rod you inserted in your ass for thrills, but chemotherapy is considered preventative, so you die
secondly, there was a HUGE and I mean HUGE insurance product “fake insurance” whereby you paid $100 a month and it offered no benefits, other than the psychological benefit of saying “I got insurance” when in reality, you had insurance that offered no benefits if you actually needed to go to the doctor
Secondly, there was a HUGE insurance product “fake insurance” whereby you paid $100 a month and it offered no benefits, other than the psychological benefit of saying “I got insurance” when in reality, you had insurance that offered no benefits if you actually needed to go to the doctor and this is really the complaint of the people against Obamacare, they had to buy real insurance because the ACA established minimums.
Another thing ACA did was reform Medicare for cost savings,you have to roll them out NOW because with Medicare, they pay per condition, not per day..so the government says “a heart attack is worth 3 days” and that’s all they get. The flip side is if they discharge too fast and the unfortunate croaks HELLO LAWSUIT..
Sorry about the repeat of the ‘Secondly’ as I had trouble posting it ..
Who cares who gets in, it’s Americas business- coukd you’re average yank give a monkey’s whether Enda the weasel gets back in or not.
I know it’s funny stuff Permo. Remember the Irish when Obama got elected, was hilarious stuff but also highly cringe worthy. “yes we can” haha What has Obama done for those Irish people since he has been president of a foreign country? Nothing. Well I guess he has given Moneygall an extra few quid through tourism (which probably lasted a few months). I drove through the place once, diners and american flags everywhere. Cringe.
Funny how all the hate comments about Hillary are from men. Hmmm
@ Bridget O’Hanlon ‘maybe you should read all the comments. Hmmm
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