Mac Coille said GDP growth of at least 4% was likely for the year as a whole and that if GDP was flat for the second half of the year, 5% growth would not be out of the question. KBC Bank Ireland's chief economist, Austin Hughes, also said 4% growth was now on the cards.
"I expect the recession to continue and a further reduction in the second half of the year would be justified on that basis," he said. KBC Bank economist Austin Hughes said that president of the ECB, Mario Draghi, and the governing council are reluctant to cut rates again.
Date: Jun 07, 2013
Category: Business
Source: Google
ECB Dashes Irish Hopes of Quick Decision on Banking Debt Plan
While the Irish government is in a very tricky situation,the ECB is too and anything that looks questionable on theirpart would have ramifications far beyond the immediate Irishdebt issue, said Austin Hughes, chief economist at KBC BankIreland Plc in Dublin. All the parties to this particular
Rates were not lowered because of high indirect taxes and increasing energy prices in some eurozone countries, the ECB boss said. Economist with KBC Bank, Austin Hughes, said a rate cut was not imminent, but was a strong possibility in the first three months of 2013.
Date: Dec 07, 2012
Category: Business
Source: Google
Irish Seek to Tempt Millionaires With Bonds Giving Buyers Visas
The further we are into the crisis the more you need to come up with something a little bit more, said Austin Hughes, an economist at KBC Bank Ireland in Dublin. The various little tasters that the government is offering help create an impression of an economy that wants to do business.
Date: Feb 29, 2012
Category: World
Source: Google
From butchers to mechanics, Ireland feels 'squeezed to the pips' by 4 years of ...
Austin Hughes, chief economist at KBC Ireland, a Belgian-owned bank that is one of Ireland's main mortgage providers, said the country faces a make-or-break 2012. If the economy doesn't grow sufficiently, he said, people will increasingly reject the whole rationale of austerity.
Date: Jan 19, 2012
Category: Business
Source: Google
Ireland Plans 12.4 Billion Euros of Austerity Through 2015
The key issue is growth in the global economy rather than the momentum of the Irish economy, said Austin Hughes, chief economist at KBC Ireland in Dublin. Budgets that dont kill the economy may deliver a quicker path to a 3 percent deficit.
"It's good news that it's on target, but these figures are still telling you of the size of the task that lies ahead in terms of reductions to public spending," said Austin Hughes, chief economist with KBC Bank.