The Organisation for Economic Co-operation and Development has predicted that the Irish economy will grow by 5% this year, with growth continuing at this pace for the next two years.
However, in its twice-yearly global outlook report, the OECD warns that the economy is vulnerable to a further strengthening of the euro or a rise in interest rates.
The Paris think-tank also says inflationary pressures are expected to build up again, and urges greater competition and wage moderation to combat this.
