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Irish Economy Fully Recovers F...

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Irish Economy Fully Recovers From Recession

TodayFM
TodayFM

6:45 AM - 8 Aug 2017



Ireland has fully emerged from the recession according to Goodbody's.

In its latest quarterly Health Check on the Irish economy, it's predicting we will reach full employment by the end of next year.

By late 2018 unemployment is expected to fall to 5%.

Source: Goodbody

The report also says we may need to start relying on immigrant labour to maintain momentum.

Goodbody chief economist Dermot O'Leary says: "Employment growth of 3.5% is the most visible evidence of strength in the Irish economy, but inflation pressures are starting to emerge.

"Brexit-related migrant flows have the potential to ease these pressures by adding to labour force growth."

Goodbody is also raising its forecasts for in 2017 from 3.7% to 4.5%, and in 2018 from 3.6% to 4.3%.



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