Download or read book Ireland Staff Report for the Article IV Consultation written by and published by . This book was released on 2009 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary and published by International Monetary Fund. This book was released on 2022-07-07 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland’s economy has rebounded strongly from the pandemic. GDP surpassed its pre-pandemic trend in 2021:Q4—one of the few euro area countries to do so. COVID-support measures have been appropriately unwound, and the fiscal position improved significantly. The financial sector weathered the pandemic crisis well and remains resilient. While the outlook is strong, uncertainty is substantial due to the indirect impacts of the war in Ukraine. Several pre-pandemic challenges remain: housing shortages, infrastructure, social and green investment gaps, and the need to strengthen multinational enterprises’ inward linkages to broaden growth and make it more inclusive. There is also a need to address the Global Financial Crisis (GFC) legacy effects on the financial system and tackle the factors contributing to high lending interest rates.
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2019-06-17 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Irish economy continues to expand strongly, benefitting from higher net exports by multinational enterprises and robust domestic demand. Accelerating wage growth reflects tight labor market conditions and inflation has started to pick up. Crisis legacies have diminished but some vulnerabilities persist. The outlook remains broadly positive, provided Brexit proceeds in an orderly manner. However, the economy operates near full capacity and an accelerating cyclical momentum could re-ignite a boom-bust dynamic. A no-deal Brexit represents the key downside risk, while escalation in global protectionism and sudden changes in corporate tax planning of multinational enterprises in Ireland could adversely affect the economy and public finances.
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-06-28 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2018 Article IV Consultation highlights that the Irish economy continues to grow at a rapid pace, well above the European Union average. Although headline data are distorted by the volatility of multinationals’ activity, the broad recovery of (modified) domestic demand (4 percent in 2017) underpins the expansion. Strong labor market performance brought the unemployment rate down to below 6 percent by April 2018. Although wage pressures emerged in some sectors, inflation remained subdued, mainly reflecting the pass-through of pound sterling depreciation. Public finances continued to improve on the back of strong output growth, while the public debt burden declined slightly to 68 percent of GDP. The outlook remains broadly positive but with externally-driven downside risks.
Download or read book Ireland 2021 Article IV Consultation Press Release and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-06-16 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 percent at the peak of the first wave, while MNEs continued to grow strongly, driving overall GDP growth to 3.4 percent. A swift policy response has been effective in mitigating the crisis impact and protecting households and firms. The domestic sectors are expected to partially recover in 2021, with GDP growth projected at 4.6 percent. Downside risks stem from uncertainties surrounding new COVID variants, post-Brexit trade arrangements, and likely changes in international taxation.
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2016-07-28 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 Article IV Consultation highlights that the rebound of the Irish economy has been exceptional. High frequency indicators suggest that growth momentum has continued in 2016. Solid job creation has reduced the unemployment rate below 8 percent. Inflation has hovered around zero as low commodity and food prices more than offset rising cost of services, particularly housing rents. Taking into account negative spillovers, real GDP growth is projected to decline to just below 5 percent in 2016 and converge to its estimated potential over the medium-term on the back of more moderate export growth and investment activity.
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-03-25 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that Ireland enjoyed strong growth in 2014, at about 5 percent year over year, led by exports and investment. Solid job creation has brought the unemployment rate down to 10.5 percent, from a peak of 15 percent three years ago. These positive economic developments drove higher than expected growth in revenues, helping bring the fiscal deficit down to an estimated 3.9 percent of GDP in 2014 despite some spending overruns. Looking to 2015, Ireland’s growth is expected to remain robust, at about 3.5 percent, bolstered by the European Central Bank’s quantitative easing. Consumption is beginning to support activity, aided by the impact of falling energy prices on real incomes.
Download or read book Ireland written by International Monetary Fund. and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-08-07 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2002 Article IV Consultation highlights that GDP growth of Ireland declined to almost 6 percent in 2001 from 111⁄2 percent the year before, reflecting the global slowdown and the Information and Communications Technologies (ICT) shock as well as foot-and-mouth disease-related restrictions. The IMF’s outlook is for GDP to rise by 3.2 percent in 2002, supported by steady growth in private consumption. Exports are projected to accelerate by midyear, although the recovery in private investment would take somewhat longer.
Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-07-13 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Irish policymakers have gained significant credibility, through assertive steps, to deal with the most potent sources of vulnerability. A continuation of vigorous policy efforts is required with an emphasis on risk management. Much progress has been made on the financial stability agenda, but a special bank resolution scheme is required. The government has stayed on course, toward their consolidation goals. A medium-term fiscal framework incorporating expenditure ceilings is a valuable management tool that will help create greater transparency of fiscal priorities and reduce fiscal volatility.
Download or read book Ireland written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-06-26 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland continues to be among the euro area’s top growth performers. Real GDP expanded by 5.2 percent in 2016, aided by favorable labor market dynamics and improved balance sheets. Foreign-owned multinational enterprises (MNEs) play an important role in the economy, although their large scale and complex operations complicate assessment of underlying activity. While a steady reduction in crisis legacies is underway, continuity in recovery efforts will be key to ensuring that gains are sustainable and broadly shared.
Download or read book Ireland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2023-12-15 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland’s economy has shown remarkable resilience in the face of consecutive shocks. Following two years of impressive performance, growth, as measured by real GNI*, is projected to moderate to a still solid pace at 21⁄2 percent in 2023–24. Inflation is expected to further ease, reaching 2 percent toward late 2025. The fiscal position has strengthened considerably on the back of strong tax revenues, but the headline numbers mask some underlying vulnerabilities. The large and complex financial system has remained resilient so far and will continue to be tested by tighter financial conditions. The positive economic outlook is clouded by considerable external risks.
Download or read book Ireland 2007 Article IV Consultation written by Robert Ford and published by . This book was released on 2007 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2000-08-10 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ireland continues to achieve spectacular economic growth. Strains associated with the rapid growth have become more visible. Fiscal policy should be tightened to restrain excess demand pressures. Strict adherence to the agreed wage increases under the Programme for Prosperity and Fairness (PPF) is critical. The government's plans to simplify the tax structure are commended. Ireland's participation in the Financial Sector Assessment Program (FSAP) pilot project is commended. The sustained rapid growth in private sector lending requires vigilance. The government support for trade liberalization process is welcome.
Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-08-13 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The performance of the Irish economy has been impressive. The outlook is broadly favorable, but there are risks to achieving a smooth transition to a sustainable rate of growth. The government's reform of the tax structure is commendable. To sustain high growth over the medium term, Ireland must address challenges with regard to wage determination, increasing competition, and strengthening the medium-term basis of fiscal policy. Strengthening competition through privatization and regulatory reform are key to securing a high rate of sustainable growth in the medium term.
Download or read book Ireland written by and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
