ESRI: Economy to surge 11% but housing headache to linger

'If public health measures continue to be eased, the Irish economy will grow very strongly this year'

The ESRI has warned it is likely to be 'some time' before housing supply recovers to meet rising demand. Picture: Dan Linehan

The economy should surge by as much as 11% this year and be fully back to where it would have been if Covid had never occurred, by 2022, if there are no further interruptions to the country’s recovery from the crisis, the Economic and Social Research Institute (ESRI) has said.

However, the economic think-tank has warned that housing remains a huge fly in the ointment for the economy with it likely to be “some time” before housing supply recovers to meet rising demand.