Ireland: Staff Report for the 2003 Article IV Consultation

August 6, 2003

Preview Citation

Format: Chicago

Ireland: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed December 22, 2024

Summary

Over the past decade, Ireland has experienced a sustained expansion in output and employment that has raised its per capita income above the ED average. The decline in interest rates, and increasing financial sector competition, rapidly rising disposable income, and high rates of household formation have fuelled a spectacular increase in housing prices. Executive Directors emphasized that wage growth must moderate to preserve external competitiveness and avoid risks to output and employment. Regulatory reform should be oriented firmly toward serving consumer welfare.

Subject: Competition, Expenditure, Financial markets, Fiscal policy, Fiscal stance, Housing prices, Labor, Prices, Wages

Keywords: Accounts data, Competition, CR, Debt ratio, Fiscal stance, Global, Harmonized consumer price inflation, Housing prices, Income, ISCR, Merchandise trade data, National income accounts data, Real GNP, Report, Wages

Publication Details

Pages:

57
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2003/242
Stock No:

1IRLEA0012003
ISBN:

9781451818758
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports