Sep 10, 2010
| Last Updated
- RGE expects continued buoyant export growth over the next few quarters to drive Ireland’s recovery in 2010, but private consumption and investment activity remain impaired. We envisage GDP stabilizing in 2011.
- Sovereign risk is back at early 2009 highs given the uncertain costs of the banking sector bailout. Rising borrowing costs exert further deleveraging pressure on the highly indebted private sector.
- Ireland’s fiscal austerity agenda remains largely on track; however, the banking sector woes will require additional consolidation measures.
Outlook Update: Modest[...]
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