Ireland unveils pro-growth 2017 budget, forecasts Brexit hit

October 11, 2016 1:19 PM

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DUBLIN – Ireland has unveiled a 2017 budget that builds on the country's rapid recovery from an international bailout with 1.3 billion euros ($1.45 billion) of spending increases and tax cuts.

Finance Minister Michael Noonan says he expects Ireland's economy to grow 4.2 percent this year and a more modest 3.5 percent next year because of the negative impact of the United Kingdom's planned exit from the European Union.

Also read: EU Agrees on Brexit Transition Terms but Ireland Issue Remains

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