CSO data will give clearer picture of Irish economic recovery

We have seen a number of upgrades to forecasts on the economy in recent times, with most now concluding that it will increase around 4% this year and next, writes Oliver Mangan.

However, a recent ESRI paper by Niall Conroy noted the high levels of volatility and often large revisions to data that make economic forecasting particularly challenging in Ireland.

These factors make it difficult for forecasters to present a coherent picture of the economy, the paper argues.