| Description |
1 online resource (31, 5, 6, 4 pages) : illustrations |
| Series |
IMF country report ; no. 07/325 |
|
IMF country report ; no. 07/325.
|
| 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 VulnerabilityFigure -- 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 |
| 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 |
| Notes |
Print version record |
| Subject |
International Monetary Fund -- Ireland
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Monetary policy -- Ireland
|
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Fiscal policy -- Ireland
|
|
Economic history
|
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Economic policy
|
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Fiscal policy
|
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Monetary policy
|
| SUBJECT |
Ireland -- Economic conditions -- 1949-
http://id.loc.gov/authorities/subjects/sh85067986
|
|
Ireland -- Economic policy
|
| Subject |
Ireland
|
| Form |
Electronic book
|
| Author |
International Monetary Fund.
|
| ISBN |
1280892897 |
|
9781280892899 |
|
9781452716534 |
|
1452716536 |
|
9781451818857 |
|
1451818858 |
|
