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Ireland : 2007 Article IV consultation : staff report, staff supplement, and public information notice on the Executive Board discussion.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, 2007.
Series: IMF country report, no. 07/325.
Edition/Format:   eBook : Document : EnglishView all editions and formats
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  Read more...
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Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1280892897 9781280892899 9781452716534 1452716536
OCLC Number: 535146895
Description: 1 online resource (31, 5, 6, 4 pages) : illustrations.
Series Title: IMF country report, no. 07/325.

Abstract:

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.

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