Economy ‘could grow by 4% in 2011’

THE economy could deliver growth of 4% in 2011 and will move out of recession at the start of next year.

In an upbeat assessment of the economy, Rossa White, senior economist, Davy Research, said several factors are conspiring to pull the country out of recession quicker than many had forecast.

His bullishness is shared to a degree by leading ESRI economist John FitzGerald, who says if the Government takes the tough action on government spending, the economy could return to growth as early as 2011 or no later than 2012.