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Dont Stop Believing

ESRI: Economy Forecast To Grow By 11% This Year.

Stock image: Pixabay

Domestic consumption and demand are also set to rebound.

The economy is set to grow by over 11 per cent in 2021, according to latest forecasts from the ESRI.

The think-tank says domestic consumption and demand are also set to rebound as restrictions ease and the vaccination rollout continues at its current pace.

Unemployment rates expected to fall to around 9 per cent this year, and dropping to 7 per cent in 2022.

Senior Research Officer with the ESRI, Conor O'Toole, says the significant growth in the economy can be put down to the performance in trade:

Conor O'Toole says the easing of restrictions and the vaccine rollout should help improve consumer spending also:

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