Ireland : 2007 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/325

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Ireland.

International Monetary Fund.

Monetary policy--Ireland.

Monetary policy.

Fiscal policy--Ireland.

Fiscal policy.

Ireland--Economic conditions--1949-.

Ireland.

Ireland--Economic policy.

Physical Description:

1 online resource (49 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This 2007 Article IV Consultation highlights that economic performance of Ireland remains strong, supported by sound policies. The growth rate of real GNP per capita continues to be one of the highest among advanced economies and the unemployment rate one of the lowest. However, in recent years, economic growth became more reliant on house building, and competitiveness eroded. Rapidly rising housing prices were accompanied by surging bank credit to property-related sectors and strong wage growth. The banking system continues to perform well, but rapid credit growth has led to vulnerabilities.

Contents:

""Cover""; ""Contents""; ""I. Introduction""; ""II. Strong Growth in 2006, Though Housing Market Started to Cool""; ""III. Growth Slowdown Ahead, with Risks on the Downside""; ""IV. Ample Room for Fiscal Stabilizers, but Population Aging Ahead""; ""V. Banks have Large Exposures to Property, but Big Cushions Too""; ""VI. Labor Market Flexibility is Crucial to Facilitating Adjustment""; ""VII. Staff Appraisal""; ""Tables""; ""1. Selected Economic Indicators""; ""2. Summary of Balance of Payments""; ""3. Contributions to GDP Growth""; ""4. General Government Finances""

""5. Indicators of External and Financial Vulnerability""""Figure""; ""1. Banking System Developments""; ""Boxes""; ""1. Fund Policy Recommendations and Implementation""; ""2. Spillovers to Ireland""; ""3. Long-Term Fiscal Sustainability""; ""4. Finance and Growth""; ""Appendices""; ""I. Staff Analytical Work, 2002�07""; ""II. Sustainability Exercise""; ""Contents""; ""I. Fund Relations""; ""II. Statistical Issues""

Notes:

Cover title.

"Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year"--Cover.

"September 2007"--Cover.

Description based on print version record.

ISBN:

9786613734204

9781462354443

1462354440

9781452701202

1452701202

9781280892899

1280892897

9781452716534

1452716536

OCLC:

535146895