ESRI predicts economic stability over next two years

The Government’s Economic and Social Research Institute has predicted that the Irish economy will continue to perform well over the coming two years.

In its spring bulletin, the ESRI said that inflation, unemployment and interest rates should remain stable, barring international upheavals.

It also said that house price rises would stabilise at around 5% over the next two years and that the public finances would benefit greatly from the recovery of money from illegal offshore bank accounts.