ESRI: Rising real wages to be one of the main drivers of economic growth 

Domestic economy expected to grow 2.3% this year and 3.1% next year

The ESRI expects real wages to grow by 2.4% this year and by 3.5% next year. 

With inflation continuing to slow, Irish workers can expect their real wages to grow by over 3% next year, with rising incomes expected to be one of the main reasons for economic growth going forward, a new report from the Economic and Social Research Institute (ESRI) has found.

These comments come ahead of the budget next week, where Finance Minister Jack Chambers is due to announce a €8.9bn package — of which €1.4bn has been earmarked for tax measures, with the remainder going to spending increases.