Irish Central Bank: Cuts 2013 GD|P forecast to 1.3% from 1.7%

Sees a bounce to 2.5% in 2014, and sees 2012 at 0.7% from a previous 0.5%.

  • Sees unemployment this year falling to 13.9% from 14.8% in 2012
  • Banks need to do more on mortgage arrears ‘in a timely manner’
  • Government should ease up on its current fiscal adjustments just because of a smaller 2012 deficit

Reuters reporting

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