Employers group Ibec has raised its forecast for Irish economic growth to 5.9 per cent this year from 5.4 per cent as the economy expands by €20 billion or 11 per cent.
In its latest quarterly economic outlook, Ibec said the government deficit should fall to 1.2 per cent of GDP next year while it believes unemployment will fall below nine per cent by year-end.
“Ireland is quickly shaking off the crisis-induced debt hangover, tax revenue is surging and...
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