OECD Economic Outlook, Volume 2006 Issue 1
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Ireland
Despite a marked slowdown in exports, growth was strong in 2005 as government consumption and investment picked up. With private consumption firming, domestic demand is projected to continue to underpin rapid economic growth at 5% in 2006 and 2007. The current pattern of real wage increases in excess of productivity growth could compromise future economic performance and entails inflationary risks. It is important that wage settlements in the current bargaining round reflect productivity developments. Rolling back anti-competitive regulation in services should be a priority as it would spur productivity growth and restrain inflation.
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