Ireland: Staff Report for the 2000 Article IV Consultation

Ireland continues to achieve spectacular economic growth. Strains associated with the rapid growth have become more visible. Fiscal policy should be tightened to restrain excess demand pressures. Strict adherence to the agreed wage increases under the Programme for Prosperity and Fairness (PPF) is critical. The government's plans to simplify the tax structure are commended. Ireland's participation in the Financial Sector Assessment Program (FSAP) pilot project is commended. The sustained rapid growth in private sector lending requires vigilance. The government support for trade liberalization process is welcome.
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Volume/Issue: Volume 2000 Issue 097
Publication date: August 2000
ISBN: 9781451818727
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Topics covered in this book

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Business and Economics , Inflation , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , price , real GNP , house price inflation , headline inflation , services price inflation , factor income , property price inflation , Inflation , Fiscal stance , Wages , Public sector wages , Global

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Summary

Ireland continues to achieve spectacular economic growth. Strains associated with the rapid growth have become more visible. Fiscal policy should be tightened to restrain excess demand pressures. Strict adherence to the agreed wage increases under the Programme for Prosperity and Fairness (PPF) is critical. The government's plans to simplify the tax structure are commended. Ireland's participation in the Financial Sector Assessment Program (FSAP) pilot project is commended. The sustained rapid growth in private sector lending requires vigilance. The government support for trade liberalization process is welcome.

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