Ireland: Fourth Post-Program Monitoring Discussions-Press Release; and Staff Report
IMF Staff Country Reports, January 19, 2016
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- Canonical URL
- Ireland: Fourth Post-Program Monitoring Discussions-Press Release; and Staff Report
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Bibliographic details
- Published: January 19, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513543185.002
Economic performance and outlook
- Real GDP expanded by 7 percent year-over-year over the first three quarters of 2015.
- Investment provided the largest contribution to growth followed by private consumption.
- High frequency indicators suggest that the strong economic momentum continued into the last months of 2015.
Fiscal developments and near-term fiscal outcome
- December exchequer data indicate that 2015 revenues significantly exceeded the initial budget profile.
- Spending recorded a modest increase in 2015.
- The combination of stronger-than-budgeted revenues and modest spending growth led to a likely outperformance of IMF staff’s estimate of the 2015 general government deficit.
Thematic coverage (topics addressed)
- Banking
- Credit
- Financial institutions
- Fiscal policy
- Fiscal stance
- Income
- Loans
- Money
- National accounts
- Public debt
Source: Ireland: Fourth Post-Program Monitoring Discussions-Press Release; and Staff Report (January 19, 2016).