Bloomberg News

Moody’s Says Irish Economy to Grow Slower than State Forecast

December 12, 2011

Dec. 12 (Bloomberg) -- Ireland’s economy will grow 1 percent in 2012, Moody’s Investors Service said, forecasting a slower pace of expansion than the government.

Ireland’s 2012 budget and fiscal projections will support the nation’s debt rating, Moody’s said today in its Weekly Credit Outlook. Finance Minister Michael Noonan forecast last week that the economy would grow 1.3 percent next year, cutting an earlier forecast of 1.6 percent.

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