Smurfit predicts strong recovery over next 5 years

The Irish economy has taken a massive hammering over the past few years, but it will make a strong recovery, said Michael Smurfit.

“In five years time, people will look back on this and wonder what they were worried about. We are still coming out of it now and it still feels like a hangover.

“There was always going to be a housing correction in Ireland, but what happened was that we were hit by a perfect storm.