Goodbody expects Ireland to become fastest growing economy in Europe

Goodbody expects Ireland to become fastest growing economy in Europe

Ireland is on course to be the fastest growing economy in Europe, according to the latest forecast by Goodbody Stockbrokers.

Their prediction is expecting growth in Ireland of 4% in 2015.

It is putting the expansion down to rising consumer spending and business investment.

Dermot O'Leary of Goodbody Stockbrokers says that, despite the encouraging figures, the Government is still under pressure to find savings.

Mr O'Leary said: "There will be spending pressures over the next number of years and we would particularly point out the pressure that is going to come by way of public sector pay.

"It is worth saying that in the Budget 2015, there was an assumption made of no pay increases over the period to 2018, which seems unrealistic to us."

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