Ireland: Staff Report for the 2004 Article IV Consultation

November 4, 2004

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Ireland: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 12, 2024

Summary

This 2004 Article IV Consultation highlights that in 2003, the economy of Ireland rebounded with GNP growing by almost 3 percent. Recent indicators suggest that activity has continued to strengthen in 2004. During 2003, inflation decelerated and is now close to the euro area average. Most recently, however, oil price increases have led to a mild pickup in inflation. IMF staff projects that the economic recovery will gain momentum with GNP growth of 4½ percent in 2004, accelerating slightly to 5 percent in 2005. Core inflation is forecast to stay close to 2 percent.

Subject: Expenditure, Financial institutions, Housing prices, Inflation, Labor, Mortgages, Prices, Wages

Keywords: CR, EU averages-an awareness, Expectation, Financial market liberalization, Global, GNP, Goods market activity, Growth, Growth prospect, House price inflation, Housing prices, Inflation, ISCR, Liberalization, Mortgages, Staff assessment, Wages

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/348
Stock No:

1IRLEA0012004
ISBN:

9781451818765
ISSN:

1934-7685

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