Credit ratings agency Fitch Ratings yesterday sketched contrasting outlooks, predicting strong economic growth for Ireland, in the short term at least, but contrasting with an uninspiring picture for the rest of the eurozone.

The Government will more than likely agree some sort of precautionary credit line prior to exiting the EU/IMF bailout programme in December, according to two of the big credit ratings agencies.

There is some good news for the Irish economy as the credit ratings agency Fitch has indicated that it may soon remove Ireland's negative ratings outlook.

The passing of the fiscal stability treaty is good for Ireland’s debt ratings, Fitch Ratings says.