{
  "title": "Ireland: Eleventh Review Under the Extended Arrangement",
  "publication": "IMF Staff Country Reports, October 4, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-eleventh-review-under-the-extended-arrangement-40978",
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  "summary": "This paper discusses Ireland’s Eleventh Review Under the Extended Arrangement. Policy implementation remains on track but recent weak GDP data point to a slower growth recovery. Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Policy implementation remains on track.\n- Recent weak GDP data point to a slower growth recovery.\n- IMF staff supports the authorities’ request for completion of the eleventh review."
    },
    {
      "heading": "Macroeconomic developments",
      "content": "- Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand.\n- A range of other economic indicators are more encouraging, suggesting lower but still positive growth in 2013, though uncertainty remains.\n- Growth projections for 2014 are lowered."
    },
    {
      "heading": "Fiscal and financial sector developments",
      "content": "- Fiscal results remain on track.\n- Sovereign and bank bond yields have risen relatively modestly in response to declining global risk appetite."
    },
    {
      "heading": "Policy assessment and IMF position",
      "content": "- The IMF staff supports completion of the eleventh review under the Extended Arrangement.\n\n---\n\n Content in this bundle\n\n- Cr13305\n  - Cr13305 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Cr13305 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "[Markdown version](/en/publications/cr/issues/2016/12/31/ireland-eleventh-review-under-the-extended-arrangement-40978/index.md)",
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    "Published: October 4, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475565935.002",
    "Policy implementation remains on track.",
    "Recent weak GDP data point to a slower growth recovery.",
    "IMF staff supports the authorities’ request for completion of the eleventh review.",
    "Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand.",
    "A range of other economic indicators are more encouraging, suggesting lower but still positive growth in 2013, though uncertainty remains.",
    "Growth projections for 2014 are lowered.",
    "Fiscal results remain on track.",
    "Sovereign and bank bond yields have risen relatively modestly in response to declining global risk appetite.",
    "The IMF staff supports completion of the eleventh review under the Extended Arrangement.",
    "**Cr13305**"
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