Irish GDP to outpace global rate - EIU [View All]

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http://www.ireland.com/newspaper/finance/2004/1214/3580090901BZEIU.html

The Republic (of Ireland) will outpace the global economy in 2005, expanding strongly while growth rates decline elsewhere, the Economist Intelligence Unit said yesterday (EIU).

The London-based think tank warns that risks such as higher oil prices or an interest-rate shock could turn a "mild global slowdown" into a "slump" next year.

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The report claims that other potential threats to the world economy include the risk of a sharp slowdown in China and the destabilising effect of economic imbalances in the world's largest economies.

The EIU highlights Equatorial Guinea as the country most likely to grow fastest in 2005 by posting expansion of almost 20 per cent, but also predicts that three of Europe's biggest economies - Italy, Germany and France - will be among the 10 worst performers worldwide.