Economist Jim Power and ratings agency, Moody’s have both signaled this morning that the principal threats to continued strong economic growth in Ireland are within the country's control.
Moody’s has raised fresh concerns about a lack of budgetary discipline, and the introduction of pro-cyclical budgetary policies in Ireland.
"The key risk to Irish finances is the fiscal policy of the next government. We will monitor any indications of a return to boom era policies," Moody’s Ireland analyst Kathrin Muehlbronner noted.
"We would be concerned to see any indications of pre-crisis policies begin to re-emerge. I don't think we have seen that so far," she added.
The report adds that European tax reforms and the possibility of the UK leaving the EU are two other factors which could have a negative impact on Ireland's economic performance.
Meanwhile, Friends First chief economist Jim Power has highlighted the dangers of auction politics while forecasting GDP growth of 4.5% next year.
He also warns of the need to maintain pay restraint as the economy surges and we move towards full employment, and advocates a new Government-sponsored multi-year agreement on tax and pay for both public and private sectors.
