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New blow on growth

BLOXHAM Stockbrokers has lowered its forecast for Irish economic growth and predicts that GDP will rise by 2.5pc as opposed to 3.5pc.

Bloxham's chief economist Alan McQuaid, right, said the Irish economic outlook remains clouded in uncertainty.

"With the latest US economic indicators clearly showing that the world's largest economy is slowing down, this doesn't augur well for the economic picture here at home," Mr McQuaid said.