TITLE

Ireland: Housing slump fall out

PUB. DATE
December 2007
SOURCE
OECD Observer;Dec2007/Jan2008, Issue 264/265, p50
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
31613204

 

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