20
Feb
Posted by Emvertex

The trade and industry ministry said it was maintaining its forecast for growth of 1.5 per cent to 3.5 per cent in 2019, but that it expected growth to be slightly below the middle of the range. Singapore's gross domestic product (GDP) grew 3.2 per cent in 2018, down from 3.9 per cent in 2017, according to the 2018 Singapore economic survey report released by the ministry of trade and industry on feb 15, 2019. The government had previously forecast…

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15
Feb
Posted by Emvertex

Philip Lane, the governor of the Central Bank of Ireland, has received support from the finance ministers of the eurozone to become the new chief economist of the European Central Bank. Lane was the only candidate that was proposed for the job and his position will be confirmed by the leaders of the European Union at a meeting that is scheduled to be held next month. Lane is 49 years old. He will be taking the place of Peter Praet,…

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30
Jan
Posted by Emvertex

The size of the Irish economy could be 4.25% smaller than current projections over the medium term if there is a hard Brexit, according to an assessment by the Department of Finance. The department forecasts show that unemployment could rise by up to 2 percentage points in such a scenario. A small surplus projected for next year would also turn to a deficit if there’s a disorderly Brexit, the analysis finds. "The assessment by my Department shows that a disorderly…

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