OECD - Ireland forecast - May 25, 2011

Posted on Wednesday, 25 May 2011
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The OECD published an economic forecast summary for Ireland on May 25, 2011 as part of its Economic Outlook #89 published on the same day

Ireland is continuing to undertake a comprehensive and vital adjustment programme to reduce its

macroeconomic imbalances and restore its banking system to health. Despite robust export growth,

weak domestic demand and ongoing fiscal consolidation have prevented an economic recovery from

unfolding so far. As domestic demand stabilises, a modest upturn of output is expected in the course of

2011, with some acceleration in 2012. The unemployment rate is likely to stay high, and core deflation

to continue.

The Summary can be downloaded below