Finance Minister Michael McGrath says the EU’s Spring Economic forecast for Ireland shows “solid growth” for this year and next year.
The European Commission published its Spring Economic Forecast earlier today. It says the European economy continues to show resilience despite global challenges with moderate growth in the first quarter of this year dispelling fears of a recession. However core inflation remains persistently high according to the report.
Minister McGrath says inflation levels are coming down in Ireland and will average just over four and a half percent this year and will fall further next year. He was speaking in Brussels ahead of a Eurogroup meeting there today.
Out words: as well
Dur: 00:17
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