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Quarterly Economic Commentary, October 1997

Baker, T.J. and Duffy, David and Shortall, Fergal (1997) Quarterly Economic Commentary, October 1997. [Working Paper]

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    It now seems likely that real GNP will increase by about 7% per cent in 1997, marginally above the average growth rate of the pas.t three years. Growth will again be balanced, with both exports and domestic demand contributing strongly. As a consequence employment will also rise rapidly, with a net increase of over 50,000 in the annual average number at work. Despite the prolonged boom, inflation remains subdued, with the annual average increase in the consumer price index forecast at under 1% per cent, and average pay rises still generally conforming to the moderate terms of Partnership 2000. Improved collection, allied to the rapid growth of domestic demand, is leading to a massive rise in tax receipts, and a General Government Surplus in 1997 seems assured.

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    Item Type: Working Paper
    Subjects for non-EU documents: Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Quarterly Economic Commentary
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 12 Sep 2019 16:10
    Number of Pages: 37
    Last Modified: 12 Sep 2019 16:10

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