Irish Growth  to Continue
Irish Growth  to Continue

Irish Growth to Continue

Irish Growth to Continue

The International Monetary Fund has warned Ireland not to take its economic growth momentum for granted, adding while growth is set to continue it will be at a slower pace, RTE reported. “The medium-term outlook remains positive. Healthy growth is expected to continue, albeit at a moderating pace,” Michele Shannon, outgoing head of IMF’s Ireland mission team said as her delegation completed its latest post-bailout review. While Brexit represents “the most pressing and far-reaching challenge for Ireland”—particularly for tourism, export and agri-related businesses—Shannon stressed the need for a broader-based tax base and stronger financial buffers to counter changes to international corporate tax policies being proposed in the US and across the EU. She said while Ireland’s financial crisis repair work is “progressing”, it remains incomplete. One of the main domestic concerns of the IMF remains the growing housing crisis. Coinciding with fresh CSO data—showing another sharp rise, of 9.6%, in annualized residential property prices in March—the IMF said housing pressures have risen and the rapid increase in prices “calls for close monitoring”.


Short URL : https://goo.gl/vew461
  1. https://goo.gl/kiFExr
  • https://goo.gl/GSoj4v
  • https://goo.gl/GaTrV0
  • https://goo.gl/HwFMCT
  • https://goo.gl/jcmsUu

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Add new comment

Read our comment policy before posting your viewpoints