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Ireland to lift economic growth forecast for 2017

Xinhua, April 5, 2017 Adjust font size:

Ireland is set to revise up its 2017 economic growth forecast on the back of a stronger-than-expected performance for the second half of 2016, an official said Wednesday.

In a speech to the parliament, secretary general of the Department of Finance Derek Moran said his department will publish the official forecasts next week.

"It would be reasonable to expect the figure next week to improve to between 4 and 4.25 percent this year," Moran said.

In Budget 2017, the Department of Finance predicted the real GDP growth would be 3.5 percent this year.

Ireland's economy has been among the best-performing in Europe since the end of the financial crisis. Last year, the economy grew by 5.2 percent. Endit