Central Bank bullish on growth, but warns over taxes and housing

Latest outlook sees the economy growing in GDP terms by 8.3% this year, 5.4% next year and 4.8% in 2023.

The Central Bank expects the economy to surge this year and unemployment to fall, but it has again suggested that tax increases may be needed to cover a continued rise in Government spending.

It also expects it to be “many years” before housing supply meets rising demand, with the housing crisis likely to continue to be a drag on the economy.