The EC lowers its outlook for Ireland, expecting 2012 GDP growth of just 1% against an earlier...

|By:, SA News Editor

The EC lowers its outlook for Ireland, expecting 2012 GDP growth of just 1% against an earlier estimate of 1.9%. While Ireland's financing needs are taken care of until late 2013 due to the rescue, the Commission recommends the government wade into the bond market soon by issuing some short term paper.