Ireland can boost its economy by adding 5 million people to its workforce and doubling the number of nurses and social workers, a report has found.
Economist Brendan O’Neill from the Irish Institute of Economic Research said it is the biggest boost the country could expect in the coming years.
“It’s a very, very big challenge.
It is very difficult to predict what it’s going to do, but it’s a challenge that we’re going to have to tackle,” he said.
The institute said Ireland has been hit hard by the global recession, but the country’s economic performance has improved dramatically in recent years.
It said Ireland could be expected to boost its GDP by between 0.3 per cent and 0.5 per cent in 2019 and 2020.
Mr O’Neil said Ireland was in a good position to take on the challenge, given that it has the largest economy in Europe and the fastest growing economy in the eurozone.
The report was commissioned by the government and published on Wednesday.
The Economic and Social Research Council of Ireland, the UK’s Economic and Monetary Policy Committee and the Organisation for Economic Co-operation and Development (OECD) will all take part in the research.
Mr Tusk, the European Commission president, will also participate in the report’s preparation.
He said the country was already working to boost jobs, boost economic growth and provide the support necessary to address the economic challenges of the global downturn.
“I think Ireland is a very important country for the European Union.
It’s a country that is always looking to Europe, and that’s a big reason why Ireland has so much influence in the world,” he added.”
Ireland has a big influence in Europe, in the rest of the world.”
We have the same problems in Ireland as we have in the EU.
We have the challenges of migration.
We’re going through a very tough period.
“But there’s a lot of optimism about what can happen, and we’re all going to be better off because of it.”
Mr Tuss said Ireland’s economic challenges are likely to increase with the global economic downturn, which has hit the economy hard.
“In the coming months, we are going to see a lot more of the same kind of challenges that Ireland has faced,” he told the Irish broadcaster RTE.
“There’s no doubt that there are more challenges for the economy.”
The challenges that we’ve seen in the last few months are likely going to intensify in the next few years, and I think that will have a really positive impact on Ireland’s economy.
“Mr O�Neill said Ireland had been hit by a sharp increase in unemployment rates since the global financial crisis and a recent surge in housing prices.”
When you look at the Irish economy, we have a very high unemployment rate and very high inflation,” he explained.”
A lot of the people who are out of work are people who’ve been out of the workforce for a long time.
“People are going into a job market that they didn’t have before, and there’s an awful lot of people out of employment.”
The report said Ireland will have to work harder to attract new workers, and has pledged to cut its welfare benefits to make up for the drop in employment.
“What we’ve done in the past two years is to really make a commitment to look at how we can make sure that the economic recovery that we have will be sustainable,” Mr O�Neil said.
“And we’re still looking at that, but we have also made significant investment in education, infrastructure and other things that we think will be able to create a new generation of job-seekers.”
The Irish Institute for Economic Research (IEERI) said Ireland can also double the number and number of people it employs to support its recovery from the global crisis.
“You can’t just jump in and say we have to add 5 million new people.
You have to make sure you’re making a contribution to your economy,” said Dr Tommaso Tavecchio, the institute’s chief economist.”
That means that we are looking at a reduction in the size of the state.
You can’t say we need to have a huge increase in government.”
Dr Tavecsion said Ireland needed to increase its investment in infrastructure and employment.
He added that Ireland’s unemployment rate had fallen sharply during the global recovery and that unemployment rates were lower in the US, Canada and the UK than they were in Ireland.
“If you look around the world, there are countries where unemployment is higher and higher than it is in Ireland,” Dr Taveck said.
“And I think we’ve got a huge advantage.”
The institute’s analysis found Ireland had a good chance of growing its economy faster than the UK, the US and Germany.