Ireland: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, October 17, 2005
Source details
- Canonical URL
- Ireland: Staff Report for the 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: October 17, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818819.002
Executive summary
- Economic performance has been impressive, owing in significant measure to sound policies.
- In line with the global cycle, growth picked up strongly in 2004.
- Rapid employment growth has been supported by immigration, so the unemployment rate has been roughly unchanged and wage growth remained moderate.
- Housing price appreciation has slowed, but housing prices are high on various measures.
- Important progress has been made in preparing for population aging, but there are concerns that households are not saving enough for retirement.
Key findings and indicators
- Growth: "picked up strongly in 2004."
- Employment: "Rapid employment growth" supported by immigration.
- Unemployment rate: "roughly unchanged."
- Wages: "wage growth remained moderate."
- Housing prices: "Housing price appreciation has slowed, but housing prices are high on various measures."
- Population aging: "Important progress has been made in preparing for population aging."
- Household saving: "concerns that households are not saving enough for retirement."
Subjects and keywords (as listed)
- Subjects: Expenditure, Fiscal policy, Housing prices, Labor, Prices, Public debt, Wages
- Keywords: asset ratio, banking system profitability, CR, deposits ratio, Europe, GDP, Global, government balance, HICP inflation, house price appreciation, Housing prices, Ireland, ISCR, price, Wages