Economic growth is expected to hit 5.7 per cent this year, the strongest rate in Europe.
According to IBEC's latest Quarterly Economic Outlook, Irish consumers are more up-beat - and lower oil prices are adding momentum to consumer recovery.
It's also predicting that unemployment figures will fall to single digits next year.
Head of Policy at IBEC Fergal O'Brien says Ireland is recovering at a much faster rate than Europe:
