The economy is expected to grow by 4 percent this year, while unemployment is to fall to 9.7 percent.
The findings are contained in the ESRI's latest quarterly forecast - which is also estimating growth of 3.5 percent in 2016.
However, the ESRI has warned the Government about the dangers of a giveaway budget this year, it says that its plan to expand the budget by up to €1.5bn could compromise Ireland's recovery.
Prof Kieran McQuinn, co-author of the ESRI said: "Whether it’s on the public finances front or whether it’s to do with the expansion of credit in the economy, it’s important we keep in mind the lessons of the past and ensure that we don’t get sucked into the kind of mistakes that were made in the run-in to 2007 and 2008."
______________________________________________________________
A vote on approving a major free trade agreement between the EU and the United States has been delayed.
MEPs were due to vote on the Transatlantic Trade and investment deal today.
But the vote has been delayed because of disputes over a controversial clause that could allow companies to sue governments if their profits are affected by the deal.
Negotiations for the TTIP deal began under Ireland's presidency of the European Union, and the Irish government is a keen supporter of the agreement.
______________________________________________________________
The special liquidators for IBRC have disputed claims made in the Dail last night about their dealings with businessman Denis O'Brien.
Sinn Fein TD Pearse Doherty alleged the liquidators agreed a loan facility of €315m with Mr O'Brien - nine months after the bank was put into liquidation, and after three earlier renegotiation attempts were rejected.
The liquidators say the information put on the Dail record about the alleged extension of credit facilities was inaccurate and misleading.
______________________________________________________________
Irish start-ups have been benefiting from the international tech boom - new figures show a surge in fresh funding as Irish Venture Capital Association raised €120m in the first three months of 2015.
This included three deals that were worth in excess of €20m, these numbers put the fund on course to match, or beat the record €400m raised in 2014.
"It's a strong performance at a time when the venture capital industry in Ireland is in the middle of fundraising," said John Flynn, chairman of the Irish Venture Capital Association and head of ACT Venture Capital.
He continues: "Funding for companies' expansion represented 90 percent of total funds raised which demonstrates that the positive seed funding activity over the past few years is starting to pay dividends."
