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Fri 08 Aug 2008Central Bank revises growth forecast downwards
THE CENTRAL Bank has revised downwards its projections for economic growth and revised upwards its forecasts for inflation in 2008 and 2009 in its latest quarterly bulletin, published yesterday.
The net wealth of Irish households fell by almost €50 billion during 2007, equivalent to an average loss of €32,600 for every household in the country, according to research published by the bank in the bulletin.
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