Quarterly Economic Commentary, Winter 2014

Duffy, David and McQuinn, Kieran and Byrne, David and Morley, Ciara (2014) Quarterly Economic Commentary, Winter 2014. [Working Paper]

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Abstract

The Irish economy has seen significant growth in 2014 with improvements observable across a broad set of key indicators. Output growth (both GNP and GDP) is set to increase by approximately 5 per cent while unemployment will fall to just over 11 per cent. A key feature of economic developments in 2014 has been the particularly strong performance of taxation receipts with all major items reporting significant year-on-year increases. The net consequence of this is a fiscal deficit of approximately 3.5 per cent for this year; this is a full percentage point better than was expected this time last year.

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