Buoyant economic growth predicted for Ireland

A study on the EU's future economic prospects has reportedly predicted that Ireland's economy will grow at twice the rate of the 12-nation eurozone over the coming years.

Reports said the study by PricewaterhouseCoopers had predicted economic growth of 3.5% in Ireland this year and 4.5% next year.

The forecast is based on assumptions of continued economic recovery and a euro exchange rate of around US$1.20.