The OECD has recently concluded that for Ireland “risks to the outlook are elevated, the most immediate one being Brexit. Property prices may increase more strongly, which would boost further construction activity in the near term but may induce another property bubble associated with a strong surge in credit growth.
This includes the final approval by Congress of the long-awaited PERA bill which provides generous tax incentives to encourage individuals to  2  BIS Review 34/2007  voluntarily set-aside long-term savings: up to a maximum of P50,000 per year over their working life, up to at least age 55 to supplement their retirement income.