Economy’s growth to slow as exports weaken

News Snapshot:

The Central Bank has lowered its forecasts for growth in the economy based on weaker exports from multinationals here but has left its outlook for inflation broadly unchanged. In its Quarterly Bulletin, published today, the Bank also says the Government's spending plans for the upcoming Budget risk adding to inflation. The Bank forecasts that inflation, measured by the Harmonised Index of Consumer Prices, will average at 5.4% this year, up slightly from its summer forecast. It expects inflation will decline to 3.2% next year and 2.3% in 2025. However, core inflation, which excludes energy and food, will remain at 2.7%...