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Quarterly Economic Commentary, Autumn 2012

Duffy, David and Durkan, Joseph and Casey, Eddie (2012) Quarterly Economic Commentary, Autumn 2012. [Working Paper]

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    Notwithstanding the considerable obstacles to growth facing Ireland’s main trading partners, results for 2011 show that output grew for the first time in four years, expanding by 1.4 per cent in GDP terms. However, domestic demand remained very weak and GNP, which we consider to be a better measure of Ireland’s economic performance, fell again, contracting by 2.5 per cent. We expect that GNP will fall marginally again this year, before increasing modestly in 2013. Unemployment will remain high at 14.8 per cent, declining only slightly next year and the balance of payments surplus is expected to continue to rise. The fiscal targets are likely to be comfortably met this year and next year, with the appropriate changes in taxes and expenditure, the targets should be met.

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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 15:46
    Number of Pages: 104
    Last Modified: 12 Sep 2019 15:46

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