Ibec: more paycheques this Christmas
The business group says Ireland is embarking on a new era of “strong economic growth”, which it claims is fuelled by a rebound in domestic activity as well as our recovery in international markets.
Forecasting growth of 2.8% in 2014, the group forecasts that we are returning to a “virtuous cycle of growth”. But it warns that more reform is needed to protect public finances in the aftermath of the bailout era – highlighting the €120-billion public sector pension hole as unsustainable.
“The most relevant indicator of what’s happening out there in the economy is the 2.5% cent employment growth number we’re going to see this year. That really is spectacular,” O’Brien notes.
“We’re going to have 60,000 more people taking home a paycheque this Christmas than we had last year.”