Written answers

Tuesday, 15 July 2025

Photo of Ryan O'MearaRyan O'Meara (Tipperary North, Fianna Fail)
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133. To ask the Minister for Finance his response to the IMF's annual review of the Irish economy; and if he will make a statement on the matter. [39245/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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Ireland’s 2025 IMF Article IV was set against the backdrop of Budget 2025, which is framed in the context of a continued need to improve public services and accelerate infrastructure, to support a growing population and the competitiveness of our economy. I welcome the IMF’s positive assessment of the Irish economy noting the impressive results Ireland has achieved by building on our comparative advantages, and enacting sound policies, with growth projected to remain solid and inflation close to target.

While risks to the outlook are uncertain, the Irish economy has demonstrated resilience in the face of a number of consecutive large shocks. We note and share the IMF’s assessment of external risks, notably the reversal of globalisation, the ongoing disruption caused by regional conflicts, domestic capacity constraints, and the uncertainty in relation to corporation tax receipts.

The IMF recommendations on several key structural issues for Ireland which are well known. Work is ongoing on these policy issues by officials in all relevant Departments.

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