Ireland: 2016 Article IV Consultation and Fifth Post-Program Monitoring-Press Release; and Staff Report

July 28, 2016

Preview Citation

Format: Chicago

Ireland: 2016 Article IV Consultation and Fifth Post-Program Monitoring-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Summary

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.

Subject: Banking, Credit, Expenditure, Financial institutions, Loans, Money, National accounts, Public debt

Keywords: CR, Credit, Debt, GDP revision, Global, IMF staff projection, Ireland, Ireland's Central Statistics Office, ISCR, Liability positions vis-à-vis nonresident, Loans, Money market rate, Nominal GDP

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/256
Stock No:

1IRLEA2016002
ISBN:

9781475517675
ISSN:

1934-7685

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