Economy/Economic reports, International, Irish, European, Asian, America, US, Global, World, Africa, Australia : Finfacts Ireland

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ECONOMIC REPORTS: IRISH - EUROPEAN - WORLD

IMF lowers 2008 Global Growth Forecast; US provides main drag

Developing Asia to post solid growth in 2008 says Asian Development Bank; Inflation Asia’s biggest risk

World Bank says growth in East Asia will decline slightly to 8.5% in 2008; Export growth of 17% to developing country markets outside region

International Monetary Fund says Central Banks should have more focus on home prices; House prices in Ireland, the UK, the Netherlands, and France 30% higher than justified by fundamentals

World's Currencies Grossly Misaligned; UBS report says Asian currencies may soon appreciate sharply to iebat inflation with dramatic consequences for global growth

Europe's Housing Markets: Standard & Poor's says Pain in Spain, Ireland and UK; Benign outlook in France

Global House Price Inflation was 8.2% in 2007; Price falls in Estonia, Ireland and Latvia; Impressive rates of growth in Bulgaria, Russia, Poland, Hong Kong and Singapore

World Bank study says 12 economies account for more than two-thirds of world’s output; Chinese economy size cut by 40%; Ireland is fourth most expensive world economy

Wheat, rice and soyabean prices hit new records in February 2008 as Developing Countries grapple with soaring food prices; US wheat stocks at 60-year low

OECD releases new GDP and household consumption ieparisons based on purchasing power parities; Irish GDP per capita flattered by huge multinational presence

The OECD in Figures -The 2006/2007 edition of OECD in Figures, was published in January 2007 and contains key data on OECD countries, ranging from economic growth and employment to trade and migration. There are ieparable tables on the environment, science and public finances. For added perspective, OECD in Figures includes a selection of graphs, giving snapshots on subjects such as GDP, education spending, services trade, health funding, development aid and renewable energy.

OECD Factbook 2007 - published April 2007

Eurostat Yearbook 2006/07 - A mine of information including Ireland as top for municipal waste per inhabitant
What percentage of the population is overweight or obese? How many foreign languages are learnt by pupils in the EU? In which Member State are gasoline and diesel most expensive? How much waste is generated per inhabitant? The answers to these questions, and to many more, can be found in the 11^th edition of the statistical Yearbook, published by Eurostat, the Statistical Office of the European Iemission.

Developing Asia to post robust economic growth in 2007-2008 says Asian Development Bank

Asia Indicators 2007

The Asia Regional Information Center (ARIC) - provides an array of regularly updated information about the economic performance and prospects of 16 Asian nations. Presented in an easy-to-navigate format, ARIC provides both markets and economic information.

2006 World Development Indicators: World Bank data show growth rates converging among Developing Regions

Trichet says US trumps Europe in pace of economic growth because of relative impact on productivity of the diffusion of IT and of innovation in general in the services sector

Foreign Direct Investment into OECD countries jumps 27% in 2005; Profit repatriation puts Ireland's FDI in red

EU25 Foreign Direct Investment 2005; Ireland has disinvestment of €20bn, UK biggest FDI player

OECD International Migration Outlook 2006: Inflows of foreign nationals growing at more than 15% annual rate

Norway's $200 billion oil pension fund bans investments in US retail giant Wal-Mart and mining group because of human rights and environmental violations

America's rich are getting richer and their taxes may push down the US budget deficit to as low as $300 billion in fiscal 2006

Globalization: Corporate earnings soar as wage growth stalls in Developed World; Wages rising in China

The Web sites dedicated to OECD (Organisation for Economic Cooperation and Development) work on each of the 30 member countries listed below:

Australia
Austria
Belgium
Canada
Czech Republic
Denmark
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Japan

Korea
Luxembourg
Mexico
Netherlands
New Zealand
Norway
Poland
Portugal
Slovak Republic
Spain
Sweden
Switzerland
Turkey
United Kingdom
United States

Euro-zone and EU25 2005 government deficit at 2.4% and 2.3% of GDP

Country Economic Profiles

Why US multinationals win the productivity race

Study says UK workers gain up to 13% in earnings after takeovers by US multinationals

IRISH ECONOMY

Current Irish Economic Situation - quarterly report on the Irish economy

The Irish Mind and the Knowledge Economy: Should we bank everything on fuzzy leprechaunic political dreams?

AIB Bank says Irish economy will recover in 2009/2010; House prices need to fall to 2005 level

International House Price Ieparisons 1970-2006: Irish price growth in 36-year period third highest among 18 Developed Countries

ESRI cuts 2008 Irish economic growth forecast to 2.3% - a 16-year low; Government's 3% Carbon Emission target would seriously damage economy

Ulster Bank says Irish GNP growth will fall to 2% in 2008 - the lowest since 1991 - but will rebound to 4% in 2009

Budget 2008

Goodbody Stockbrokers says Irish house prices will fall 13% from peak; GDP growth in 2008 forecast to plunge to 2.5%

Cowen calls for Pay Restraint to rescue faltering Irish international iepetitiveness

Where is the Outrage? Gombeenism thrives at home while in Paris, OECD staff work on proposals for Irish public service reform

Irish Economy 2006 and Future of the Celtic Tiger: Putting a brass knocker on a barn door!

Iement: The free lunch has yet to be invented - the tipping point for the Irish economy

Ratings agency Standard & Poor's says both Ireland and Spain are likely to experience significant slowdown in GDP growth beginning in 2008

Government launches €184 billion National Development Plan - Main Points and Analysis

National Development Plan 2007/2013 ESRI's Ex-ante Evaluation: Exceptional demand for Irish property is squeezing out the export sector through its adverse effects on iepetitiveness

Irish Economy: Medium-Term Review: 2005-2012 - ESRI says aura of invincibility is coupled with considerable risks: The ESRI (Economic and Social Research Institute) published its latest Medium-Term Review of the Irish economy on December 16, 2005. This Review is published every second year, providing a ieprehensive analysis of the prospects for the Irish economy over a seven-year time horizon.

Aug 2006: IMF says Irish economic growth has beiee increasingly unbalanced in recent years with heavy reliance on building investment, sharp increases in house prices, and rapid credit growth

Irish Statistics

Irish house prices up 270% since 1996 rising at average of 14.9% for each of the last ten years; Construction sector may shed over 100,000 jobs by 2016

Ireland's Celtic Tiger 2005: Built to last or on a foundation of quicksand? - Despite the apparent golden scenario, there is a very evident sense that Ireland is currently operating in two parallel universes.

Budget 2006 - Presented in December 2005: Economic reports on Ireland's economic performance..

Irish manufacturing output increased 28% since 2000 and employment contracted 13%; Ireland now world’s 13th largest exporter of services

Key Irish Economic Indicators - from the Irish Central Statistics Office

Key Indicators for Ireland 2006 and International Ieparisons - Published April 2007: Shows the progress made in Ireland in important economic, social and environmental areas. As well as showing developments over time, the report benchmarks Ireland against the other EU Member States.

EU and Eurozone Inflation - including Irish inflation and other EU member countries

Irish Economic Boom- Facts, Causes

Ireland is Top Global Location for US Multinationals' Profits - Ireland is the world's most profitable country for US corporations, according to analysis by US tax journal Tax Notes. In a study by the journal's Martin Sullivan, it was found that profits made by US iepanies in Ireland doubled between 1999 and 2002 from $13.4 billion to $26.8 billion, while profits in most of the rest of Europe fell. In his analysis Sullivan termed Ireland a 'semi-tax haven' for US firms, because firms are involved in real productivity in contrast with locations such as Bermuda.

Why Ireland Boomed - The great economic success story of the past ten years has been the Republic of Ireland. At the end of the year 2000, Ireland could look back on fourteen years of uninterrupted economic growth, which had accelerated to nearly 10 percent annually in the closing years of the 1990s.

Impressive paper by Professor James B. Burnham, Murrin Professor of Global Iepetitiveness, Donahue Graduate School of Business, Duquesne University, Pittsburgh, Pennsylvania.

Foreign Direct Investment - OECD report on trends 1995-2004

AIB report says almost 160,000 non-nationals in employment in Ireland - 8% of workforce; Magnitude of inflows may slow; Many buying property

OECD Economic Survey of Ireland 2006: Too many sectors where producers are shielded from iepetition

Irish National Debt fell to 28.6% of GNP in 2005; National Pension Reserve Fund earned return of 19.2% - value of fund at €15.3 billion

Irish Economy 2006: Two reports offer contrasts in caution and cheer: NCB Stockbrokers' report called 2020 Vision - says the population of the Republic will grow by 30% to over 5.3 million by 2020

Globalisation and the Irish Economy: Ireland extremely vulnerable to a global slowdown in either the high-tech or financial services sectors - March 2006 paper by Trinity College economists

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