Ireland "fastest-growing" economy in Europe, Davy Research says

Ireland is likely the fastest growing economy in Europe, according to new economic forecasts published today by Davy Research.

13th August, 2014
Consumer spending is expected to accelerate to 1.5% growth in 2014 and climb to 1.9% in 2015

Ireland is likely the fastest-growing economy in Europe, according to new economic forecasts published today by Davy Research.

In its newest set of forecast for the economy, Davy said it predicts growth of 3.5 per cent in 2014, 3 per cent in 2015 and about 2.8 per cent in 2016.

Growth was “artificially depressed” last year by poor export performance among multinationals, but a clear recovery should become more apparent during the rest of 2014, the Davy report said.

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