Irish households have never been richer, according to employers’ group Ibec.
The economy here has apparently moved beyond the recovery phase and into a period of “strong and sustainable growth”.
Expansion is predicted to reach 4.2% this year, outweighing any negative impacts brought on by Brexit.
Investment in the economy is forecast to grow by 10.7%, consumer spending by 3% and exports by 3.8%, according to a report in the Irish Times.
Thankfully the growth will be more sustainable than it was during the Celtic Tiger, but rising rents are a serious issue.
“A failure to resolve the housing crisis will eventually lead to higher prices on other goods as well,” said Ibec.
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