IMF sees drag on Irish growth until 2014

Ireland faces a deeper recession than any advanced economy, while the collapse of the property market and related financial stress in the banking sector will continue to be a drag on growth until at least 2014, the International Monetary Fund says in its annual report on Ireland, June 2009.

IMF: Ireland the IMF http://www.imf.org/external/country/IRL/index.htm

Irish Times, 25.6.09: Lenihan admits Irish economy was overheated http://www.irishtimes.com/newspaper/breaking/2009/0625/breaking17.htm

OECD: OECD Economic Outlook, June 2009: Ireland http://www.oecdbookshop.org/oecd/display.asp?sf1=identifiers&st1=9789264054578

Ireland: Department of Finance: Press Release, 14.7.10: Minister of Finance, Mr. Brian Lenihan, TD, welcomes assessment of the Irish economy by the IMF http://www.finance.gov.ie/viewdoc.asp?DocID=6390&CatID=1&StartDate=1+January+2010&m=n

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