Ireland: Staff Report for the 1999 Article IV Consultation

International Monetary Fund

No 1999/087, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; service price inflation; price; EU-harmonized index; consumer price inflation; pension liability; policy priority; staff appraisal; Wages; Inflation; Fiscal stance; Productivity; Wage adjustments; Europe; Global (search for similar items in EconPapers)
Pages: 53
Date: 1999-08-20
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