Goodbody Stockbrokers has upgraded its growth forecast for the Irish economy in 2015 from 4.3% to 5.5%.
It also believes that the economy will grow by close to 4% in 2016 and 2017 - this would be likely to make Ireland the strongest performing economy in the eurozone for a 4-year stretch.
"The dynamics of this [growth is] non-inflationary credit-less expansion," says Goodbody - as opposed to the "credit-fuelled overheating of the pre-crash 2000s."
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New data suggests that Ireland's job market is performing above expectations - and that there has been a particular spike in the number of jobs available for professionals.
Banking, construction, IT and retail all perform strongly in the latest Irish Employment Monitor report from Morgan McKinley - it says that professional vacancies are up by 33 percent year-on-year.
The number of jobs on the market increased by 16 percent compared to June - the report also found that there has been a 1% decrease in the number of people seeking employment.
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Unemployment in the UK has risen for the first time in over two years according to Britain's Office for National Statistics (ONS).
The joblessness rate increased by 67,000 - this is the first time that it has increased since the start of 2013.
ONS statistician, Nick Palmer commented on the results, "It is possible that the rate of improvement in the labour market that we have seen over the last three years may have eased off, though it is much too early to be certain."
The drop in the employment level generally came from a decrease in the number of people employed part-time.
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The People's Bank of China has devalued the yuan for the third day in a row, it fixed the currency to the dollar at 6.4010 - a drop of 1.11% compared to he previous day.
This has brought the currency to its lowest fixing level since October 2012.
China said that this week's first devaluation would be a once off - the further devaluations have sparked fears of a currency war as the country tries to stipulate trade by making its exports more competitive.
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The Farmers Journal is reporting this morning that FBD may need up to €100m in additional capital to meet the new “Solvency 11” rules that come into place for insurance companies across Europe from next January
The report suggests that just under half of this capital could come from the planned sale of FBD’s 50% stake in its leisure property company, to its partners in the business, Farmers Business Developments, for €48.5m.
FBD, chief executive, Andrew Langford stepped down from that role two weeks ago. The company is due to report interim results on August 25th
