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CORRECTED-Irish economic downturn likely to be less severe than earlier forecast - minister

Tue, 29th Sep 2020 22:24

(Corrects headline and text to say minister said economic
decline should be less severe than envisaged earlier this year,
not than envisaged earlier today)

DUBLIN, Sept 29 (Reuters) - The decline in Ireland's
economic output in 2020 should be less severe than forecasts
released earlier this year, Irish Finance Minister Paschal
Donohoe said in a Twitter post.

"While (the) decline should be less severe than envisaged,
we have still experienced a significant shock," Donohoe said in
a tweet, referring to forecasts from his ministry, which
estimate Irish gross domestic product will fall 2.5% this year
rather than the 10.5% estimated in April.
(Reporting by Conor Humphries; Editing by Kevin Liffey and
Leslie Adler)

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