ESRI predicts Irish economy growth
Trade and exports are the main factors behind a projection for the Irish economy to growth by 11%, according to the ESRI.
The think-tank has revised its forecasts from earlier this year, where it predicted economic growth to be at around 5%.
The vaccine rollout and subsequent reopening is also expected to provide a boost in consumption.
Senior Research Officer Conor O'Toole says that trade and exports are the big drivers behind the forecasted growth.
"The leading indicators, household spending in particular, were starting to tip up quite strongly as reopening occurred, after the first quarter restrictions were eased.
"The exports really are the ones that are driving the double digit element of the growth that we're predicting."
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