Ireland: Staff Report for the 1999 Article IV Consultation

August 20, 1999

Summary

This 1999 Article IV Consultation highlights that Ireland’s economic performance in recent years has been exceptionally strong. Output and employment have been growing much faster than in the rest of Europe. Real GDP growth averaged 7.5 percent per year in 1993–98, reflecting a sharp increase in capital accumulation—fueled in part by foreign direct investment—and an expansion of the skilled labor force owing to young entrants, increasing female participation, and a reversal of net emigration. Inflation has remained subdued. Public finances have improved significantly and the external current account has remained in surplus.

Subject: Fiscal policy, Fiscal stance, Inflation, Labor, Prices, Production, Productivity, Wage adjustments, Wages

Keywords: consumer price inflation, CR, EU-harmonized index, Europe, Fiscal stance, Global, Inflation, ISCR, pension liability, policy priority, price, Productivity, service price inflation, staff appraisal, Wage adjustments, Wages

Pages:
53
Volume:
1999
DOI:
https://doi.org/10.5089/9781451818710.002
Issue:
087
Series:
Country Report No. 1999/087
Stock No:
1IRLEA0011999
ISBN:
9781451818710
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 99/79--IMF Concludes Article IV Consultation with Ireland.

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