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Economy has turned a corner - ESRI

attn aedin tw 06DUFFY/ESRI/CLIP/RC The ESRI says Ireland's economy has now turned the corner - and i...
TodayFM
TodayFM

7:59 AM - 18 Dec 2013



Economy has turned a corner -...

News

Economy has turned a corner - ESRI

TodayFM
TodayFM

7:59 AM - 18 Dec 2013



attn aedin tw 06DUFFY/ESRI/CLIP/RC

The ESRI says Ireland's economy has now turned the corner - and it predicts the recovery will speed up significantly next year.

The Economic and Social Research Institute says the economy will grow by 2 per cent in 2013 - and is likely to increase by 2-point-7 per cent next year.

It's putting the growth down to a "significantly" improving labour market.

The ESRI predicts that unemployment will fall to 12 per cent in 2014 - down from 13.1 per cent this year.

Senior Research Officer David Duffy says it all points to a stronger economy - but risks remain.



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