Irish Households Have Never Been Richer, Apparently

Irish households have never been richer, according to employers' group Ibec.

The economy here has apparently moved beyond the recovery phase and into a period of "strong and sustainable growth".

Expansion is predicted to reach 4.2% this year, outweighing any negative impacts brought on by Brexit.

Investment in the economy is forecast to grow by 10.7%, consumer spending by 3% and exports by 3.8%, according to a report in the Irish Times.

Thankfully the growth will be more sustainable than it was during the Celtic Tiger, but rising rents are a serious issue.

"A failure to resolve the housing crisis will eventually lead to higher prices on other goods as well," said Ibec.

news