The government now sees 0.8% growth in 2011, down from 1.7%. Next year, they expect 2.5%, down from 3.2%.
The 2011 deficit will reach 10% of GDP this year, up from a 9.4% forecast. 2012 is seen at 8.6% from an earlier 7.3% forecast.
The debt to GDP ratio will reach 111 from 98.6% this year, and 116% from 102.0% next year, Reuters reports.
Clever of my Irish cousins to bury the news on a Friday afternoon ahead of a long weekend…
