Ireland: Fourth Post-Program Monitoring Discussions-Press Release; and Staff Report

January 19, 2016

Preview Citation

Format: Chicago

Ireland: Fourth Post-Program Monitoring Discussions-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This paper focuses on Ireland’s 2015 Fourth Post-Program Monitoring Discussions. Ireland’s economy continues to improve at a robust pace. Real GDP expanded by 7 percent year-over-year over the first three quarters of 2015, with investment providing the largest contribution to growth followed by private consumption. High frequency indicators suggest that the strong economic momentum continued into the last months of 2015. Exchequer data for December indicate that 2015 revenues significantly exceeded the initial budget profile, whereas spending recorded a modest increase, leading to a likely outperformance of IMF staff’s estimate of the 2015 general government deficit.

Subject: Banking, Credit, Financial institutions, Fiscal policy, Fiscal stance, Income, Loans, Money, National accounts, Public debt

Keywords: Asset, CCB rate, Commercial real estate, CR, CRE price, Credit, December exchequer data, Exchequer report, Fiscal stance, Global, IMF staff calculation, Income, ISCR, Loans, O-SII buffer

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/018
Stock No:

1IRLEA2016001
ISBN:

9781513543185
ISSN:

1934-7685

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