Improving productivity in Irish-owned firms can raise living standards 'substantially', says ESRI

The ESRI’s baseline projection for the next 10 years is an average economic growth of 2.3% of modified gross national income (GNI*) out to 2030 which will reduce down to 2.1% between 2031 and 2035

Director of the ESRI, Professor Martina Lawless, said their new report shows that a number of 'fairly plausible external risks could have significant repercussions on the economy'.

A number of “fairly plausible” external risks could have significant repercussions on the Irish economy and one way to mitigate that is “rebalancing the composition of the economy” and supporting productivity growth of Irish-owned firms, the Economic and Social Research Institute (ESRI) has said.

In a new report, the ESRI looked at the potential future paths of the Irish economy over the next 10 years and tried to assess the potential risks associated with a number of different economic, largely external, scenarios.