Business Irish

Saturday 23 August 2014

State spending 'biggest threat' to economic growth

Colm Kelpie

Published 06/01/2014 | 02:30

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A survey of investment analysts in Ireland has found three-quarters believe the biggest threat to Irish economic growth would be an increase in government spending.

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The study for CFA Ireland, the professional body for investment analysts, also stated that some believe that inflation may rise above 2pc in Ireland this year.

Almost three-quarters of CFA members who took part in the survey said they expected eurozone inflation to remain below 2pc -- despite attempts to push it above that point -- while half of those surveyed said they expected the main ECB refinancing rate would still be below 1pc in three years' time.

"This view on eurozone inflation and ECB interest rates indicates a strong view among CFA members that they believe the eurozone economy is going to struggle over the next few years," said CFA Society Ireland president Ronan McCabe.

Irish Independent

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