The Economic and Social Research Institute has predicted that strong economic growth will continue for the foreseeable future and that the economy is performing extremely well.
This is despite recent figures from the Central Statistics Office showing economic growth averaging just over 3% so far this year.
In its latest survey published today, the ESRI said it believed the statistics would have to be revised upwards.
The independent ESRI believes the property market is safe, with no prospect of a housing price crash and that there is no prospect of a hike in interest rates for at least another year.
The report predicts the jobs boom will continue, with 80,000 new jobs this year and another 50,000 next year.
Most controversially however, the institute makes it clear it does not believe the official figures about economic growth coming from the CSO. These figures show economic growth averaging just 3.1% so far this year.
Dr Allen Barrett of the ESRI says that productivity levels in the economy would have to drop very dramatically to achieve such a low growth rate.
He insisted there is no evidence that this has happened yet and the ESRI expects the CSO to have to revise its figures before the year is out.
