Troika forecasts lower Irish growth

Ireland has met its targets under its bail-out programme with the European Union and International Monetary Fund but will face challenges due to lower than expected growth in 2012, international lenders said in January 2012.

The so called 'troika' of lenders to Ireland – the European Commission, European Central Bank and IMF – cut its 2012 growth forecast for Ireland to 0.5% on ther 19 January 2012, down from the 1% it forecast in October 2011.

ESO: Background information: Eurozone turmoil poses ‘serious threat’ to Irish economy http://www.europeansources.info/record/eurozone-turmoil-poses-serious-threat-to-irish-economy/

IMF: Ireland the IMF http://www.imf.org/external/country/IRL/index.htm

IMF: Press Release, No.15, 2012 (19.1.12): Statement by the EC, ECB, and IMF on the Review Mission to Ireland http://www.imf.org/external/np/sec/pr/2012/pr1215.htm

Ireland: Department of Finance: Press Release, 19.1.12: Successful completion of Quarter 4 2011 review of the EU/ IMF Programme http://www.finance.gov.ie/viewdoc.asp?DocID=7122&CatID=78&StartDate=1+January+2012

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