Ireland: 2017 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 26, 2017
Source details
- Canonical URL
- Ireland: 2017 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: June 26, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484305539.002
Key findings
- Real GDP expanded by 5.2 percent in 2016.
- Growth was supported by a healthy expansion of private consumption and buoyant investment, including construction.
- Strong broad-based job creation brought unemployment down to 6.4 percent in May, its lowest level in a decade.
- Inflation remained low as the recent pickup in energy prices and upward pressure from services were partly offset by the impact of weakness in the British pound.
- The outlook remains positive, but with substantial, mainly externally driven, downside risks.
Economic outlook and projection
- Real GDP is projected to grow at 3.9 percent in 2017, propelled by strong domestic demand.
Subject areas highlighted
- Banking
- Expenditure
- Housing
- Income
- Labor
- National accounts
- Public debt
- Wages
Source: Ireland: 2017 Article IV Consultation-Press Release; and Staff Report, June 26, 2017.
Content in this bundle
- Country Report