The economy is expected to expand by 0.2% more than its previous prediction.
The ESRI is upgrading its outlook for economic growth this year.
It comes amid falling inflation and expansion of the economy here.
The think-tank says the economy will expand by 2.5% this year, up from 2.3% in its previous prediction.
Dr. Conor O'Toole, Associate Research Professor with the ESRI, says things are looking good:
Looking at today's Currency Markets, €1 buys you £0.85 and $1.08.
While the ISEQ Index of Irish Shares is at 9,947, up 0.52% since the opening.
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