‘Booming economy not overheating’

Supported by the booming domestic side of the economy, the Irish economy continues to grow at a strong pace, and has survived the first wave of uncertainty caused by the UK’s vote over a year ago to quit the EU, the Central Bank has found.

Reflecting increased optimism, the Central Bank raised its forecasts for GDP growth this year to 4.5% from 3.5% in its previous bulletin, and raised its growth outlook for 2018, to 3.6% from 3.2%.

“Recent evidence points to growth gathering pace,” officials said.