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Économie de l'Irlande en un coup d’œil

Economic Forecast Summary (May 2021)

After avoiding a decline in output in 2020 thanks to buoyant exports of Ireland-based multinationals, real GDP is projected to grow by 4.2% in 2021, despite stringent sanitary measures introduced early in the year. As vaccinations are rolled out and restrictions are gradually eased, domestic demand will strengthen, even though uncertainty will continue to weigh on firms’ investment decisions. Pent-up consumer spending, as households unwind pandemic-induced excess saving, is projected to lift growth to 5.1% in 2022.

Reform Priorities (April 2021)

Going for Growth 2021 - Ireland

Improving activation and training policies is a top policy priority, as the pandemic especially affected sectors where many with weaker labour market attachment work. This can also help meet firms’ demand for skills. Reforming the tax and welfare system to remove high effective tax rates will boost participation and employment.

©Shutterstock/Anton Petrus

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2021 Structural Reform Priorities

  • Labour market: Improve labour force participation and employment
  • Housing: Boost housing supply and reform support
  • Competition and regulation: Ease barriers to entry and boost competition
  • Healthcare: Expand coverage and ensure cost containment
  • Environmental policy: Use economic instruments to address climate change and local pollution

 

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Étude économique de l'Irlande

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