Ireland : Eleventh Review Under the Extended Arrangement

Publication Date: October 04, 2013
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Summary: This paper discusses Ireland’s Eleventh Review Under the Extended Arrangement. Policy implementation remains on track but recent weak GDP data point to a slower growth recovery. Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand. Nonetheless, fiscal results remain on track and sovereign and bank bond yields have risen relatively modestly in response to declining global risk appetite. A range of other economic indicators are more encouraging, suggesting lower but still positive growth in 2013, though uncertainty remains. Growth projections for 2014 are also lowered. The IMF staff supports the authorities’ request for completion of the eleventh review.
Series: Country Report No. 13/305
Subject(s): Extended arrangement reviews | Fiscal policy | Budgets | Fiscal consolidation | Unemployment | Fiscal reforms | Financial sector | Bank restructuring | Debt sustainability analysis | Economic indicators | Staff Reports | Ireland

Publication Date: October 04, 2013
ISBN/ISSN: 9781475565935/1934-7685 Format: Paper
Stock No: 1IRLEA2013003 Pages: 96
US$18.00 (Academic Rate:
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