ESRI Hails Economic Improvement

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% in 2013 – and is likely to increase by 2.7% next year.

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It’s putting the growth down to a "significantly" improved labour market.

The ESRI predicts that unemployment will fall to 12% in 2014 – down from 13.1% this year.