Irish economy ‘could grow’ by 4.3% this year

The Irish economy could grow by as much as 4.3% this year despite various looming headwinds which could hamper its performance.

“Prospects for the year ahead are looking better than at the beginning of the year,” according to Friends First chief economist Jim Power in his latest economic outlook.

“Sterling has stabilised, the labour market is strong, business investment intentions are promising and real GDP could well expand by 4.3% this year, which is up from a forecast of 3.3% at the beginning of the year.”