Mr Coucher said there were signs of stabilisation in the Irish economy, with modest growth in economic output and a levelling off of unemployment.
Our conclusion is that large cap banks are not currently priced for sustained earnings growth, and that those banks that can create operating leverage and deploy capital are in a position to achieve low double digit EPS growth even with modest top line growth.
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It anticipates an extended period of businesses and households paying off debts, or deleveraging, combined with only modest growth in deposits "as a result of the pressure on consumers' disposable incomes from ongoing high inflation and cuts in welfare benefits".
It has settled into a period of modest growth with low inflation, unheard of in decades.
However, our checks suggest only a modest deceleration, with spend growth ranging from the mid-teens to 20%.
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With only modest prospects for economic growth, they'll be paying off debt for a very long time indeed.
The higher the Index value the better, because it either has a high 5 year growth rate tempered by a fairly low payout ratio, or a modest growth history with a very low payout ratio.
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The latest unemployment numbers showed modest job growth, with the Labor Department reporting weekly jobless claims down by 2000 last week, to a seasonally adjusted 370, 000.
Angel investors, who fund young companies with modest sums, have resumed their place as stokers of economic growth, planting small sums of money into budding firms that need cash and mentoring.
But that still leaves him facing an election next year, with no prop to his popularity save for hopes of a modest rise in economic growth, from 3.5% last year to perhaps 4.5% this year.
Yes, the major part of cost cutting is probably behind us, but we can continue to maintain at least modest, certainly high single-digit to maybe low double-digit growth with the current situation that we have with the very marginal economic growth.
With inflation in remission and employment and economic growth strong the Fed has only needed to offer modest course corrections to the US economy since passage of the 1977 Act.
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Taken with a nation-wide drought, the situation has left Morocco posting a modest 2.5 to 3 percent growth rate for the year.
Even with less-favorable demographic trends than in recent years, the drop in potential growth in the region should be modest.
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