Ireland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland
IMF Staff Country Reports, June 28, 2018
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- Ireland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland
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Bibliographic details
- Published: June 28, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484363744.002
Key economic findings
- The Irish economy continues to grow at a rapid pace, well above the European Union average.
- Modified domestic demand grew 4 percent in 2017, which underpins the expansion.
- Headline data are distorted by the volatility of multinationals’ activity.
Labor market and inflation
- Strong labor market performance brought the unemployment rate down to below 6 percent by April 2018.
- Although wage pressures emerged in some sectors, inflation remained subdued, mainly reflecting the pass-through of pound sterling depreciation.
Public finances and public debt
- Public finances continued to improve on the back of strong output growth.
- The public debt burden declined slightly to 68 percent of GDP.
Outlook and risks
- The outlook remains broadly positive but with externally-driven downside risks.
Thematic coverage (subjects and keywords noted in the report)
- Subjects: Banking, Corporate income tax, Housing, Housing prices, Income, Mortgages, National accounts, Prices, Public debt, Taxes
- Keywords: Corporate income tax; CR; crisis legacy issue; demand pressure; Global; government; government priority; headline inflation; Housing; housing demand; Housing prices; Income; ISCR; labor market condition; liability positions vis-à-vis nonresident; market; proceeds; public finance
Ireland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland
Content in this bundle
- Country Report