Irish economic growth to top EU charts

Rising pay expectations in the public and private sectors coupled with potentially damaging external developments are among the main threats to an otherwise healthy economy which is expected to top the EU growth charts again in 2015.

After a year of “spectacular” GDP growth set against the backdrop of a stagnating eurozone, Ireland is likely to again be the EU’s fastest growing economy this year with growth of 4% projected as opposed to the euro area average of 1%.

The country’s impressive recovery is increasingly driven by the domestic economy and an increase in investment, according to analysts at Goodbody Stockbrokers which finds that scepticism over the growth is misplaced.