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A NEW REPORT suggests that, economically, things are looking decidedly rosy for Ireland over the next four years.
The latest Economic Eye report for summer 2018, compiled by accountancy firm EY, suggests that jobs are set to be created at a rate of 57,000 a year (227,200 in total) in the Republic until 2022.
Meanwhile, Gross Domestic Product (GDP – a measure of the value of the goods and services produced by a country over a set period), which already saw bumper growth of 7.8% in 2017, will continue to grow at a rate of roughly 3.84% over the next four years.
The company’s ‘Brexit Tracker’ shows that 21 firms or financial service organisations have confirmed that they will move some or all of their operations from the UK to Dublin in the aftermath of the Brexit referendum result two years ago.
This places the Irish capital as the most popular post-Brexit location in the EU, ahead of Frankfurt, Luxembourg, and Paris.
It’s not all good news however unfortunately – the report, perhaps unsurprisingly, warns that the heightened levels of house prices and rent inflation seen in Ireland at present are “adversely affecting on overall competitiveness”.
“The impressive growth rate Ireland has experienced since 2015 looks set to continue, supported by Dublin’s top-table position as a preferred post-Brexit destination,” said chief economist with EY Neil Gibson.
However, if we are to sustain growth at current rates, we must retain a focus on competitiveness. The Spring Economic Statement last week showed us that the Government is walking a fine line between not overspending, and investing in growth-enabling infrastructure.
“There will be plenty of demands for increased spending and tax cuts – careful prioritisation will present a new challenge for politicians,” Gibson added.
You can download the full report here
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Keep it up! You’re doing fantastic fair play to you x
Keep up the good work Murph. You are my daughters favourite Operation Transformation leader.
Oh murph…… Can I, eh, have your autograph….. It’s….. Eh….. For my ‘daughter’. Thanks. Oh….. And any chance of a selfie too… Yeah my, eh, ‘daughter’ would love that…. And a hug?
Well done I recently joined slimming world and I’m down 1.7 stone so I know how he feels well done again
Great work, keep it up. Love hearing your story
Seriously.
Who cares?
It’s good to see people sorting themselves out but why do we commend people for eating properly and exercising. Instead we should be harder on those that don’t.
Arseh*le
well said Oran and Uncle.. people dont like to hear the obvious, soon we will hear well done for getting out of bed.. The 6.20am here, and I am having breakfast, then off to gym.. Wheres my gold star??
I care – because (I) I’ve enough empathy to want people (whether I know them or not to be happy) (2) every less obese person is less strain on the health system and (3) it is unusual for someone once they put the weight off to keep it off, so anyone inspiring others to do the same benefits us all.
Fair play murph.
Last year we had gay marriage. This year we have fat people losing weight. I can’t wait for 2017 !
I know what that fella eats for breakfast.
f******* sick of this operation transformation shite……………..its their own fault they end up obese in the first place
Good man keep up the good work
The meals look really tasty actually! I need some variety with my food! I always just end up making a stirfry when I’m trying to eat well which I get bored off and that’s when I end up having a bit of a pig-out! I follow the Bodycoach on Facebook and Instagram and he often posts meal ideas that look quick and tasty .. I have yet to try them out though.
That picture reminds me of the movie stuck on you
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