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Ireland: Staff Report for the 1999 Article IV Consultation

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  • 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.

Suggested Citation

  • International Monetary Fund, 1999. "Ireland: Staff Report for the 1999 Article IV Consultation," IMF Staff Country Reports 1999/087, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1999/087
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3167
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    Cited by:

    1. Conall MacCoille & Daniel McCoy, 2002. "Economic Adjustment Within EMU - Ireland’s Experience," The Economic and Social Review, Economic and Social Studies, vol. 33(2), pages 179-193.
    2. Miguel Lebre de Freitas, 2000. "Quantity versus quality: the growth accounting in Ireland," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.

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