Economy will grow by 5% next year

The Economic and Social Research Institute (ESRI) says the economy will grow by 6.7%.

It is predicting further growth of almost 5% in 2016.

Its latest forecast says unemployment will fall to 9% by the end of the year and to just under 8% by the end of 2016.

But it is warning that issues in the housing market and a potential significant downturn in global trade next year pose a risk.

Economist with the ESRI, David Duffy, says both Ireland's domestic and international trade is on the rise.