Ireland: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland
IMF Staff Country Reports, June 17, 2019
Source details
- Canonical URL
- Ireland: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Ireland
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Bibliographic details
- Published: June 17, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498319867.002
Key findings and macroeconomic stance
- The Irish economy continues to expand strongly, benefitting from higher net exports by multinational enterprises and robust domestic demand.
- Accelerating wage growth reflects tight labor market conditions and inflation has started to pick up.
- Crisis legacies have diminished but some vulnerabilities persist.
- The outlook remains broadly positive, provided Brexit proceeds in an orderly manner.
- The economy operates near full capacity and an accelerating cyclical momentum could re-ignite a boom-bust dynamic.
Downside risks and vulnerabilities
- A no-deal Brexit represents the key downside risk.
- Escalation in global protectionism could adversely affect the economy and public finances.
- Sudden changes in corporate tax planning of multinational enterprises in Ireland could adversely affect the economy and public finances.
Subject areas and keywords
- Subject: Banking, Corporate income tax, Credit, Economic sectors, Financial sector, Housing, Money, National accounts, Public debt, Taxes
- Keywords: central bank of Ireland, Corporate income tax, CR, Credit, Europe, Financial sector, Global, government, headline inflation, Housing, housing supply strategy, IMF staff, Ireland, ISCR, liability positions vis-à-vis nonresident, potential GDP, welfare benefits system
Content in this bundle
- 1irlea2019001