OECD warns of Irish risks including another property bubble

The OECD yesterday predicted the Irish economy will continue to grow strongly, but the Paris-based think- tank warned that the country faces “significant risks”, including another property bubble, as the crisis years are put behind.

“Pent-up demand after a long crisis may result in stronger private spending than projected,” the OECD said.

“Strong property prices may boost construction activity further in the short run, but also risk sparking another spiral of higher property prices and credit.”