Updated / Monday, 26 Apr 2021
08:45
EY has warned of the potential for sharp price inflation, due to Covid costs, Brexit and a potential jump in consumer spending
New forecasts from consultancy firm EY predict that the Irish economy is set to grow by 5% this year and 4.3% next year.
In its latest economic eye report, EY also predicts that it will be late 2023 before the labour market returns to pre-Covid levels.
It also warns of the potential for sharp price inflation, due to Covid costs, Brexit and a potential jump in consumer spending.
Today's report projects a consumer boom for late 2021, as incomes were sustained by government supports and those still working had less opportunity to spend.