European Parliament Library

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

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
Table Of 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""
Literary Form
non fiction
Cover title
Physical Description
1 online resource (49 p.)
Specific Material Designation
Form Of Item

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