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Global Macro-Market Outlook

Ireland: 2011 Outlook

By James Mason
Dec 7, 2010 | Last Updated
Global Economics Outlook, GDP and CPI data for Ireland

  • Economic activity will be driven by the strong export performance of international firms located in Ireland; however, domestic demand weakness will keep growth well below potential, as balance sheets are repaired across all sectors of the domestic economy.
  • The external support program includes major surgery to the Irish banking system and poses significant risks to our outlook. The program also endorses continued and severe fiscal austerity measures that will hit home hardest in 2011.
  • There is significant political risk to the program, as some of its prescriptions are deeply[...]

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