Ireland: 2021 Article IV Consultation-Press Release; and Staff Report

Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 p...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Ireland 
653 |a Health 
653 |a Credit 
653 |a Public debt 
653 |a Income 
653 |a Infectious & contagious diseases 
653 |a Banks 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Covid-19 
653 |a Debts, Public 
653 |a Housing 
653 |a Mortgages 
653 |a National accounts 
653 |a Money 
653 |a International organization 
653 |a International institutions 
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653 |a Macroeconomics 
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653 |a Communicable diseases 
653 |a International Agreements and Observance 
653 |a Depository Institutions 
653 |a International Organizations 
653 |a Infrastructure 
653 |a Monetary economics 
653 |a Economic Development: Urban, Rural, Regional, and Transportation Analysis 
653 |a Financial institutions 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a International agencies 
653 |a Debt Management 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Debt 
653 |a Aggregate Factor Income Distribution 
653 |a Health Behavior 
653 |a Sovereign Debt 
653 |a Loans 
653 |a Saving and investment 
653 |a Financial services industry 
653 |a Monetary policy 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Finance: General 
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520 |a Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 percent at the peak of the first wave, while MNEs continued to grow strongly, driving overall GDP growth to 3.4 percent. A swift policy response has been effective in mitigating the crisis impact and protecting households and firms. The domestic sectors are expected to partially recover in 2021, with GDP growth projected at 4.6 percent. Downside risks stem from uncertainties surrounding new COVID variants, post-Brexit trade arrangements, and likely changes in international taxation