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ESRI predicts strong Ireland's GDP growth to continue into 2016

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Staff writer ▼ | December 21, 2015
Ireland
Europe   According to the latest analysis:

Economic growth is expected to be strong in 2015 and 2016, with Ireland’s Gross Domestic Product (GDP) forecast to grow by approximately 6.7 percent in 2015 and 4.8 percent in 2016.

This is according to the latest analysis by researchers at the Economic and Social Research Institute (ESRI).

Given the volatility exhibited by the national accounts, the authors also note that GNP is set to grow by 5.2 percent in 2015 and by 5.3 percent in 2016.

In the Quarterly Economic Commentary, Winter 2015, published today (Friday, 18 December 2015), growth in GDP of 6.7 percent in 2015 and of 4.8 percent in 2016 is predicted.

Declines in unemployment are also expected, with the headline rate envisaged to fall to 7.9 percent by the end of 2016.


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