EY report claims economic outlook is more positive than initially expected

Ireland's economy will continue to prosper, despite the seismic shift in global economic and political movements, according to an EY Economic Eye report.

The report found the Irish economy is forecast to grow by 2.7% per annum over the next four years and employment will continue to rise.

It predicts a boost in jobs in the retail, construction and communication sectors along with a growth in consumer spending.

It found that while Brexit has created severe uncertainty for businesses and consumers North and South, the outlook is far more positive than initially expected.