ESRI Issues Buoyant Economic Prediction

A report from the ESRI's expected to increase pressure on the government to avoid making cuts in next year's budget.

The economic think tank says Ireland is recovering 'quite vigorously' from the downturn at this stage, and more taxes – apart from planned water charges – might not be necessary.

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It's latest quarterly update does sound a note of caution however about the pressure on house prices that's being caused by a supply shortage.