Economy dependant on recovery in world markets
Assuming the world economy grows from 2011, the Irish economy can expect to experience a period of above average growth of about 5% as it recovers some of the ground lost in the three years 2008-2010, when the economy will shrink by an estimated 12%.
The ESRI, however, said the expected trend growth for the period to 2015 has been cut to 3% from a figure of 3.6%.
