The Irish economy is heading towards a bright future
The economy is heading towards a bright future with real economic growth averaging 3.75% annually over the next decade, the Economic and Social Research Institute (ESRI) forecasts in its Medium-Term Review 2008-2015. Looking further ahead, the ESRI foresees that Ireland will continue to outperform its European neighbours in the growth race in the years to 2025. As a result, income per head of population in Ireland is projected to come close to 120% of the EU15 average in the years 2020- 2025. While the economy is set to stutter this year and next, the ESRI foresees a strong economic rebound in 2010, when economic growth is forecast to exceed 5%.