Rising confidence of huge Irish economic growth this year

The economy is now expected to surge by as much as 15% this year on the back of a strong first half driven by Ireland’s booming multinational sector.

CSO figures, this week, showed the economy grew by 6.3% in the second quarter of the year and by a whopping 16%, year-on-year, in the first half as a whole. That has prompted Davy to raise its current year GDP forecasts for the second time in less than a month.