Economy can grow 4% annually with right reforms, claims Ibec

The Government has to reduce the tax burden, streamline and make public services more efficient, support entrepreneurs, invest in infrastructure, and improve the quality of the education system, according to the employers’ group Ibec.

It will outline its priorities for the years ahead in a policy document to be unveiled in Dublin this morning.

Ibec said that if the right reforms are implemented then the economy has the potential to grow by an average of 3% to 4% each year for the next 20 years.