Bullish ESRI delivers budget boost

The Government has received a boost from the latest Economic Social and Research Institute (ESRI) report which could result in next year’s budget adjustment being less than the planned €2bn.

Bullish ESRI delivers budget boost

In its most upbeat assessment of the economy in five years, the ESRI report predicts growth levels above government forecasts and says that contrary to public perception there has not been a so-called brain drain during the five-year economic crisis as most of the job losses hit the less well educated.

The ESRI forecasts both GDP and GNP growth to reach 2.7% over 2014, which is much more optimistic than the Government’s own growth forecast of 2%.

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