Irish best in class for driving economic growth

Irish citizens will fuel the growth in the country’s economy over the next three years, with support from the traditional export markets of Britain and the US, according to the economic forecast from the European Commission.

The tax cuts in the budget, a resurgence of the construction sector, expanding SMEs and the growing confidence of people emerging from the crisis are helping to make the economy the fastest growing in the EU this year and next.

The GDP growth rate forecast for this year of 4.6% is almost six times that of the eurozone average of 0.8% and more than three times that of the EU average of 1.3%.