Unemployment could fall below 10% within two years, says S&P

Republic’s GDP to grow 3.5% in 2015, says ratings agency

Unemployment in the Republic could fall to 9.7 per cent in 2016 from 11.2 per cent this year, analysts with ratings agency Standard & Poor’s have said. Photograph: Frank Miller

Unemployment in the Republic could fall to 9.7 per cent in 2016 from 11.2 per cent this year, analysts with ratings agency Standard & Poor’s have said. Photograph: Frank Miller

Unemployment could slip below 10 per cent within the next two years on the back of continued growth, according to an assessment of the Republic’s economy by ratings agency, Standard & Poor’s (S&P).

The agency, which rates the ability of companies and organisations to pay their debts, has published a review of the Irish life insurance industry predicting that it is likely to enjoy improved earnings over the next two years.

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