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Ireland: No more tiger leaps of economic growth but still in the western European passing lane

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  • Oscar-Erich Kuntze

Abstract

In 2002 economic growth continued to weaken in Ireland, but the increase of real GDP at 3½% was still clearly about the western European average. On the labour market the situation gradually deteriorated and the unemployment rate increased to 4.4% for the year. Inflation rose to 4.7%. In 2003 real GDP will increase by around 2¾%. The unemployment rate could rise to 5½% for the year and consumer prices will be around 4¾% above the level of the previous year. In 2004 the economy should grow by around 3½%. The unemployment rate is likely to increase to 5¼%, and prices will exceed the level of 2003 by around 4%

Suggested Citation

  • Oscar-Erich Kuntze, 2003. "Ireland: No more tiger leaps of economic growth but still in the western European passing lane," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(06), pages 51-58, March.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:06:p:51-58
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    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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