## Ireland: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, November 4, 2004_

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**Canonical URL:** [Ireland: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-staff-report-for-the-2004-article-iv-consultation-17823)

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## Bibliographic details
- Published: November 4, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818765.002

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### Economic performance and recent developments
- In 2003, the economy of Ireland rebounded with GNP growing by almost 3 percent.
- Recent indicators suggest that activity has continued to strengthen in 2004.
- During 2003, inflation decelerated and is now close to the euro area average.
- Most recently, oil price increases have led to a mild pickup in inflation.

### IMF staff projections
- GNP growth of 4½ percent in 2004.
- GNP growth accelerating slightly to 5 percent in 2005.
- Core inflation is forecast to stay close to 2 percent.

### Key subject areas covered
- Expenditure
- Financial institutions
- Housing prices
- Inflation
- Labor
- Mortgages
- Prices
- Wages

*International Monetary Fund. Ireland: Staff Report for the 2004 Article IV Consultation (IMF Staff Country Reports 2004, 348).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-staff-report-for-the-2004-article-iv-consultation-17823_