| 11.7°C Dublin

Deficit gloom deepens

IRELAND will top the list of eurozone deficits right through until 2014, a bleak economic report has predicted.

The Ernst & Young's quarterly report on the 16 eurozone countries shows that in Ireland, the public deficit will hit 11.7pc of gross domestic product, well ahead of Spain (-9.6pc), Greece and Portugal (both on -8.5pc). However, Irish growth will outperform all other 15 eurozone members in 2011 with a rate of 2.9pc.