Investec cuts Irish growth forecast in half as lockdown drags Domestic recovery predicted for ‘later stages’ of the third quarter Thu, Feb 25, 2021, 04:52
Investec has cut its 2021 growth forecast for the underlying Irish economy in half to 2.5 per cent as a third national lockdown, which took effect over the Christmas holiday period, has been extended until least early April. “While we still expect an enduring domestic recovery to commence this year, we now anticipate that it will be the later stages of \[the third quarter] before it comprehensively takes hold, given the slower pace of economic reopenings than was hoped at the start of the year,” said Ronan Dunphy, chief economist with Investec Europe in Dublin.