Published on 02/05/2016 at 23:36 – Updated 02.05.2016 at 23:50
Paris, February 5, 2016 (AFP) – L financial rating agency Fitch ratings raised Friday by one notch the long-term debt rating of Ireland from “A-” to “a” and has with a stable outlook, emphasizing “strong growth “recorded by the country and the” return to a budget surplus. “
” the Irish economy continues to grow at a steady pace, with growth in gross domestic product (GDP) of around 7% the first three quarter of 2015, the highest among developed economies, “notes the agency in a statement.
According to the agency, the public debt / GDP ratio stood at 96, 6% at the end of last year – she was counting on 105% before – after reaching a peak of 120% in 2012. the debt ratio might even fall to 70% by the year 2024, according to Fitch.
last year, Ireland has benefited from favorable trade, the rating agency notes, and “if the investment is still fluctuating, the Irish economy is showing more and more robust “.
In 2016, “an improving labor market and rising household consumption should support a dynamic domestic demand.”
Fitch expects growth of around 4% this year, against 2.4% expected before.
© 2016 AFP
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