Economy has growth potential: Ibec

Businesses can generate the growth to drag Ireland out of recession and transform it back into the booming economy that existed in the early 1990s according to business body Ibec.

Yesterday, Ibec launched Driving Ireland’s Recovery campaign: The business community’s ambition for Ireland.

The plan said Ireland can achieve growth of between 3% and 4% for the next 20 years — twice the average expected EU growth rate.