Economy can grow 5% for 10 years

ONE of the country’s leading economists says the economy has the ability to grow by 5% a year for the next 10 years.

A GDP figure of 5% and somewhat lower GNP figure of 4.5% are not outrageous forecasts for the economy, he said.

Dermot O’Leary, chief economist, Goodbody Stockbrokers said several factors are conspiring to make such a growth profile possible.