DUBLIN: Unemployment will fall below 9 per cent and gross domestic product will grow by 5.4 per cent this year, a performance that will see Irish economic growth exceed that of the rest of Europe,employers’ group Ibec has said.
In its latest quarterly economic outlook, the group said quantitative easing by the European Central Bank (ECB), lower oil prices and favourable exchange rates were all set to boost the Irish economy.
It nevertheless warned that the Government would still have limited room to manoeuvre on the fiscal front and called on it to prioritise cuts to the marginal tax rate for all workers.
