Irish central bank revises economic forecasts
– 2015 GDP revised up to 5.8% vs 4.1% prior
– 2016 GDP 4.7% vs 4.2% prior
– Sees sizeable downside risk to Eurozone from Greek crisis, Chinese economy, normalising mon pol in advanced economies and downside risks to EZ inflaiton
They also raised their consumer spending estimate to 3.0% vs 2.3% prior
Irish central bank sees large downside risks for the Eurozone but raises own GDP forecasts
