The Central Bank is expecting the domestic economy to grow by over 5 per cent this year - more than previously thought.
It's also revised upwards its projections for GDP growth - which includes multinationals - to over 15 per cent.
The unemployment rate is forecast to fall to around 7 per cent next year - with wage growth of around 5 per cent.
The Central Bank says wages will rise in some sectors more than others:
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Wicklow Coastal Areas Best Avoided During Status Orange Alert
Flooding is a safety concern with waves crashing over Wicklow Town Promenade, Bray Seafront and Arklow’s North Beach.
8:00pm - 10:00pm
Love Songs on the Coast
Heavy Rain
High: 9°C | Low: 7°C
Heavy Rain
High: 10°C | Low: 7°C
Heavy Rain
High: 9°C | Low: 6°C
Heavy Rain
High: 9°C | Low: 5°C
Heavy Rain
High: 9°C | Low: 6°C