A report published by stockbroking firm Davy predicts economic growth in the Irish economy will hit 4% in 2011.
The company's chief economist, Rossa White, says construction activity will shrink until 2011, with unemployment peaking at under 14% towards the end of next year.
Mr White says the recession will officially end in the first three months of next year.
He based his forecast on a number of factors, including survey data, retail sales, tax receipts and industrial production.
Mr White claims that the anticipated recovery of the global recovery will help our cause, though the recovery may take longer to make it's impact 'on the ground'.
By his reckoning, the peak in unemployment will lag the low point in the recession by six to nine months.
Separately, an ESRI economist has said that economic recovery is possible by 2011 or 2012.
John Fitzgerald said that if the Government imposes the necessary medicine in the Budget, and if it reduces costs to make Ireland more competitive, recovery is possible.
He said the right measures would lead to a return to growth, which would then be followed by a reduction in unemployment.
