IMF says Ireland’s economy is doing ‘surprisingly well’

Advises that Ireland need only stick to their bailout plan as fewer sign on for unemployment welfare

DARA KELLY,

IrishCentral.com Staff Writer

Published Thursday, October 6, 2011, 8:55 AM

Updated Thursday, October 6, 2011, 10:19 AM

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Dublin City - IMF gives Ireland's economic progress the thumbs up

The International Monetary Fund (IMF) has praised Ireland’s economic progress. They announced that Ireland’s economy is performing “surprisingly well” and added that it does not need to take “dramatic” steps beyond the measures of the bailout plan.

Ireland also had good news when the number of people signing on for unemployment welfare dropped. However this increase could be due to emigration rather than job creation.

In Europe the markets remain in turmoil with the spotlight staying on Greece. Protests in Athens continue as thousands marched through the city as part of a 24-hour public sector strike.

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Average house price in Ireland is $365,000 - market still hasn’t bottomed out

Ireland’s Central Bank reports - recovery still faces challenges

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sirpeter | Oct 07, 2011, 05:15 AM EDT

Good news for the bondholders.I guess we'll be paying them then.My check is the one with the crying shamrock.

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Trealach | Oct 06, 2011, 02:35 PM EDT

@FastEddy - it would be hard and sheer stupidity to cut any more of the 12.5% Coropration tax. Ireland's performance has nothing to do with the morons in government, since they have done so many 'U-turns' that they don't know which way they're facing. It's the continuing growth in the SME's that are making the difference with increased tax returns.

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FastEddy | Oct 06, 2011, 01:06 PM EDT

You all would do quite a bit better with a nice, fat, permanent business tax cut.

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LoyalCitizen | Oct 06, 2011, 09:28 AM EDT

So Irish Politicians use opinions for decades to keep accounts when there are no opinions in mathematics and falsify everything..............How would the IMF or WSJ FT NYT know what is going on if they use opinions to hide everything?

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gobdawpaddy | Oct 06, 2011, 09:22 AM EDT

While this may not be of consolation to the unemployed man or woman in the street, it is welcome. The IMF are echoing the views of many prestigous publications ike the FT, WSJ and the New York Times. Hopefully the efforts of Kenny, Noonan, Gilmore and friends will become apparent to those hardest hit in the near future.

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