Ireland: Housing slump fall out

December 2007
OECD Observer;Dec2007/Jan2008, Issue 264/265, p50
Academic Journal
The article presents an economic outlook for Ireland from 2008 to 2009. Despite the strong economic activity in the first half of 2007, the effect of the decrease in house building will slow the economic growth substantially. There is also an expectation that gross domestic product (GDP) will increase by 3% in real terms which is considerably below the growth of potential output. It is suggested that expenditure growth needs to be limited to maintain sound public finances and public investment should be given priority over new spending.


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