The economy, which grew by a eurozone record of 7.2pc in the second quarter, is set to grow by 5pc in in 2015 and 4pc in 2016, according to the latest figures from the Organisation for Economic Development and Coordination (OECD).
But rapidly rising house prices still pose one of the biggest risks to financial stability, said the OECD. The think-tank noted that an uncontrolled listing boom would “increase vulnerabilities, especially if it were associated with further indebtedness”.
“Now is the time to build resilience against future nasty surprises while ensuring the recovery is sustained”
OECD on Ireland’s nascent recovery