Study predicts buoyant economic growth in Ireland
A study on the EU’s future economic prospects has reportedly predicted that Ireland’s economy will grow at twice the rate of the 12-nation eurozone over the coming years.
Reports this morning said the study by PricewaterhouseCoopers had predicted economic growth of 3.5% in Ireland this year and 4.5% next year.
The forecast is based on assumptions of continued economic recovery and a euro exchange rate of around US$1.20.
Despite the upbeat predictions, PricewaterhouseCoopers also warned that high wage increases, a strengthening euro or a rise in interest rates could threaten economic growth.
