European Commission says sticking with austerity can leave crisis behind

Ireland’s growth should reach 3% a year from next year, offering a real hope of leaving the economic crisis behind, according to the latest forecast for the economy.

But there should be no let up in austerity budgets the European Commission warned, as it reduced the country’s growth expectation for this year.

Our recovery is the most robust of the crisis economies, but nothing can be taken for granted as the country’s immediate future depends on trading partners having good growth too.