Growth re­cov­ery

Viet Nam News - - Insight -

With tax re­ceipts ahead of tar­get, the num­ber of work­ers claim­ing ben­e­fits fall­ing and strong eco­nomic ex­pan­sion in the first three months of the year at 2.7 per cent, an­a­lysts ex­pect the govern­ment to re­vise its growth fore­casts.

“Re­ally the big ques­tion we’re ask­ing our­selves given the strength of short-term in­di­ca­tors – which are prob­a­bly the best in Europe at the minute – is whether the econ­omy can grow even quicker than 3.0 per cent,” said Con­all Mac Coille, chief econ­o­mist at stock­bro­ker Davy.

Ir­ish GDP came in at 2.7 per cent in the first quar­ter, while the govern­ment has fore­cast ex­pan­sion of 2.1 per cent for the whole of 2014.

“From our point of view, this bud­get is a chance for the govern­ment to give some­thing back to

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