Central Bank sees big growth

The Central Bank yesterday raised its economic growth forecasts, saying that the country is enjoying “an exceptionally strong” recovery.

It said it would prefer the country’s debts to be paid down more quickly, but made comforting comments on plans by Finance Minister Michael Noonan for his budget later this month.

In its latest quarterly bulletin, the Central Bank said that its new forecasts “suggest that the economy overall is going through a period of exceptionally strong growth which is forecast to ease only modestly next year.”