Written answers
Tuesday, 2 February 2010
Department of Finance
Economic Forecasts
12:00 pm
Tommy Broughan (Dublin North East, Labour)
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Question 259: To ask the Minister for Finance his latest forecast on the timeframe for Ireland to emerge from this recession; and if he will make a statement on the matter. [5160/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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In my Budget speech last December, I outlined my Department's expectation that economic growth would be positive by the second half of this year. Developments since then are consistent with this.
Furthermore, I note that the Central Bank, in its quarterly bulletin published last week, is also expecting positive annual growth by the second half of the year.
So while there is more to be done, we are clearly on the right path.
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