Recovery Scenarios for Ireland

Adele Bergin, Thomas Conefrey, John Fitzgerald () and Ide Kearney

No RS007 in Research Series from Economic and Social Research Institute (ESRI)

Abstract: This paper examines recovery scenarios for the Irish economy. It estimates that the growth rate in potential output is 3% a year. This takes account of a permanent loss of output of 10% of GDP as a result of the recession. On this basis, and taking account of government fiscal action this year and in 2010, the government"s structural deficit is estimated to fall to between 3 and 4% of GDP by the end of 2010. The analysis suggests that when the world economy recovers the Irish economy will follow suit recovering some lost ground. Should the world recovery be delayed until 2012 this would inflict some further damage but the Irish economy would still see quite rapid growth in the postponed recovery phase.

Date: 2009
ISBN: 9780707002811
Note: Publisher: ESRI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

Downloads: (external link)
https://www.esri.ie/pubs/RS007.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://www.esri.ie/pubs/RS007.pdf [301 Moved Permanently]--> https://www.esri.ie/system/files?file=media/file-uploads/2015-07/RS007.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esr:resser:rs007

Access Statistics for this book

More books in Research Series from Economic and Social Research Institute (ESRI) Contact information at EDIRC.
Bibliographic data for series maintained by Sarah Burns ().