ARTICLE · 16 DECEMBER 2013

Focus: Winter 2013 - The Light Ahead

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Home prices are starting to increase country-wide and Dublin is seeing double digit growth.

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Aine Reidy

EDITORIAL

By Paul Wyse

Home prices are starting to increase country-wide and Dublin is seeing double digit growth. The Central Bank forecast is for a continuation of the gradual recovery in the overall level of economic activity.

There has been a small recovery in consumer spending since Q1 and also in exports. GDP growth of circa 2% is forecast by the Central Bank for 2014. The recovery is gradually broadening. On the domestic side while prospects remain modest, employment continues to rise. While very significant action has been taken in recent years to lower the public sector costs and contain national debt, the levels of both in relative and absolute terms remains very high.

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