Ireland: 2017 Article IV Consultation-Press Release; and Staff Report

June 26, 2017

Preview Citation

Format: Chicago

Ireland: 2017 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed December 26, 2024

Summary

This 2017 Article IV Consultation highlights Ireland’ continued position among the euro area’s top growth performers. Real GDP expanded by 5.2 percent in 2016, supported by a healthy expansion of private consumption and buoyant investment, including construction. Strong broad-based job creation brought unemployment down to 6.4 percent in May, its lowest level in a decade, while inflation remained low as the recent pickup in energy prices and upward pressure from services were partly offset by the impact of weakness in the British pound. The outlook remains positive, but with substantial, mainly externally driven, downside risks. Real GDP is projected to grow at 3.9 percent in 2017, propelled by strong domestic demand.

Subject: Banking, Expenditure, Housing, Income, Labor, National accounts, Public debt, Wages

Keywords: CR, Economic statistics, Global, Holding, Housing, IMF staff, Income, ISCR, Liability positions vis-à-vis nonresident, Market, Money market rate, Potential GDP, Q4, Wages

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/171
Stock No:

1IRLEA2017002
ISBN:

9781484305539
ISSN:

1934-7685

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