Ireland : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 28, 2018

Electronic Access:

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Summary:

This 2018 Article IV Consultation highlights continued rapid growth in the Irish economy, well above the EU. Although headline data are distorted by the volatility of multinationals’ activity, the broad recovery of (modified) domestic demand (4 percent in 2017) underpins the expansion. 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 depreciation the British pound. Public finances continued to improve on the back of strong output growth, while the public debt burden declined slightly to 68 percent of GDP. The outlook remains broadly positive but with externally driven downside risks.

Series:

Country Report No. 18/194

Subject:

English

Publication Date:

June 28, 2018

ISBN/ISSN:

9781484363744/1934-7685

Stock No:

1IRLEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

78

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