Ireland: Staff Report for the 2005 Article IV Consultation
Volume/Issue:
Volume 2005
Issue 369
Publication date: October 2005
ISBN: 9781451818819
$20.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , price , house price appreciation , Ireland , asset ratio , GDP , HICP inflation , banking system profitability , deposits ratio , government balance , Housing prices , Wages , Global , Europe
Summary
This 2005 Article IV Consultation for Ireland reports that economic performance has been impressive, owing in significant measure to sound policies. In line with the global cycle, growth picked up strongly in 2004. Rapid employment growth has been supported by immigration, so the unemployment rate has been roughly unchanged and wage growth remained moderate. Housing price appreciation has slowed, but housing prices are high on various measures. Important progress has been made in preparing for population aging, but there are concerns that households are not saving enough for retirement.
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