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The main driver of growth will be exports, although domestic demand is also expected to increase this year. Central Bank head of Irish economic analysis, John Flynn, declined to say whether the Government should implement budget cuts of less than or whether there was room for tax cuts for middle income earners. priority has to be to reduce the deficit safely below 3%. Mr Flynn said it was not possible to quantify at this stage what quantum of adjustment would be needed to achieve this target. Moreover, it was not the role of the Central Ba.

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delivered its most upbeat assessment of the economy in six years as robust exports and improving domestic demand prompt upward revisions to growth for 2014 and 2015. GDP growth has been revised up to 2. 5% Adidas Gazelle Og Khaki Black this year and 3. 3% for next year. These forecasts have been upgraded by 0. 5% and 0. 1% respectively since the last quarterly review of the economy.

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GNP is now seen at 2. 8% this year and 2. 7% for 2015. The unemployment rate is expected to fall to 11. 4% by the end of this year and 10. 5% by the end of next year.

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