Ireland remains fastest-growing economy in Europe

New European Commission forecast expects Irish unemployment levels to fall further

The phrase ’fiscal space’ is being used a lot these days by politicians, economists and media commentators. We asked some members of the public if they knew what it meant. Video: Bryan O'Brien

Ireland has retained its status as the European Union’s fastest-growing economy, according to European Commission forecasts published this morning.

The Commission’s triannual analysis of the EU’s 28 economies predicts that Irish gdp (gross domestic product) will grow by 4.5 per cent this year, before slowing to 3.5 per cent in 2017.

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