• IMF: Ireland's capacity to repay IMF aid remains satisfactory

Market news

17 December 2010

IMF: Ireland's capacity to repay IMF aid remains satisfactory

  • Irish economy to start recovering in 2011
  • See irish GDP at +0.9% in 2011, up from -0.2% in 2010
  • Irish growth is expected to average 2.25% over 2011-14
  • Irish debt is expected to peak at 125% of GDP in 2013
  • Irish bank capitalization needs likely won't exceed E35 billion
  • Risks to the Irish program remain high
  • Econ growth in Ireland might be weaker than projected
  • Irish fiscal outlook could deteriorate, increase needs
  • Halting financial sector deterioration might be difficult
  • Political risks in Ireland are considerable
  • Irish access to cap markets might take longer than expected
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