‘No danger’ of economy overheating

The economy could grow by as much as an “above trend” 4.4% this year, one economic think-tank has said.

In its latest quarterly economic commentary, the Nevin Economic Research Institute said strong employment growth should boost GDP by 4.4% in 2017, with the rate of growth slowing to 3.3% next year and 3.2% in 2019.

Robust employment growth of 3.4% this year will lead to the unemployment rate dropping to below 6% by early 2018, the institute said.