OECD advice on economy is welcome

This week, the Paris-based Organisation for Economic Co-Operation and Development (OECD) published its latest survey on the Irish economy and it makes for pretty constructive and optimistic reading.

It is forecasting growth of 5% in GDP this year and 4% in 2016.

These growth forecasts are very strong, but have become outdated following the publication of official growth data for the second quarter of the year, published by the CSO just before the OECD report.