More than 236,000 new jobs predicted for Ireland by 2022

More than 236,000 new jobs are predicted for the island of Ireland by 2022.

The EY Economic Eye is also forecasting growth of 4.9% for the rest of the year.

The findings show Dublin has been identified as the most popular post-Brexit location for UK business - ahead of Frankfurt, Luxembourg and Paris.

21 financial services organisations have confirmed they will move all or some of their operations to the capital, as a result of Brexit.

EY Ireland Chief Economist, Professor Neil Gibson, says it is good news but the Government needs to avoid overspending.

"Our new forecasts do paint a very optimistic picture, particularly around the labour market," said Professor Gibson.

"We know there are a lot of question marks over how strong the economy actually is around the headline GDP numbers.

"But the job creation is a terrific record and we're expecting over a quarter of a million jobs over the next four or five years."

- Digital Desk

More on this topic

Petition to revoke Article 50 breaks UK government website

Next predicts price cuts under no-deal Brexit tariff boost

Brexit uncertainty 'catastrophic' for business community, says British MP

Dublin Port head defends decision to cut number of cruise ships

More in this Section

Ireland's birth rate falling but is third highest in EU

Dublin Port head defends decision to cut number of cruise ships

One in five school staff assaulted once a week in Northern Ireland

Ireland will have highest university fees in Europe post-Brexit, according to student union


Lifestyle

Learning Points: Game, set, and match for toxic masculinity?

A Question of Taste: Derek Burke

Double act on a one-woman play

The early career and defection of Rudolf Nureyev who captivated Paris

More From The Irish Examiner