“Celtic Tiger” on its Knees – Ireland Expects GDP Fall of 10.5%

Source: Tanjug

Wednesday, 22.04.2020.

08:18

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(Photo: Pixabay.com/geralt)

Ireland expects gross domestic product to fall by 10.5% in 2020 but recovery swiftly to grow 6% the following year, the finance ministry said on Tuesday, Reuters reports.

The country expects to post a deficit of 7.4%, or around 23 billion euros, which would result in an increase of the country’s debt-to-GDP ratio to 69.1% from 58.8% at the end of 2019, the ministry said.

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Ministry of Finance of Ireland

GDP fall

public debt

budget deficit

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