Employers' group Ibec has cut its outlook for economic growth to 4.1pc this year from a forecast of 4.8pc, made in the first quarter of last year, and warned the Government needs to step up its preparations for Brexit. Employers' group Ibec has cut its outlook for economic growth to 4.1pc this year from a forecast of 4.8pc, made in the first quarter of last year, and warned the Government needs to step up its preparations for Brexit. The Department of Finance forecast is for 4.2pc growth. "In total, the Irish Exchequer has collected €14.3bn since 2015 which it never expected to materialise," Ibec said. Growth is expected to slow even further in 2020, to just 2.9pc and Ibec said its members were finding it harder to recruit with record numbers now in work.

Source: Irish Independent January 07, 2019 02:26 UTC