Figures reveal surge in Ireland's economic recovery

More job opportunities, increased consumer spending, improved manufacturing and exports figures are among a range of positive economic indicators outlined by the Central Bank showing the scope of our economic recovery is broadening for the first time in nearly a decade.

In its second economic bulletin of the year, the Central Bank said that the momentum of recovery in the economy “continues to build and broaden”, with the bank noting that increasing consumer spending and the domestic economy are now making a positive contribution to growth for the first time since before the global recession in 2007.

The Central Bank predicts that the economy should grow by nearly 4% this year. Crucially, it added, that for the first time in eight years, growth will be driven by an uptake in domestic demand and won’t be wholly reliant on export performance.