2003 OECD Economic Surveys: Ireland 2003

image of OECD Economic Surveys: Ireland 2003

This 2003 edition of OECD's periodic review of Ireland's economy includes special features on public expenditure reform and sructural policy.

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Adjusting to Slower Growth and Ensuring Prosperity

Ireland’s remarkable growth performance that began from the mid-1990s and continued into the start of the new millennium has led to rapid convergence of productivity levels towards the EU average, while employment growth has also been exceptionally strong. Living standards have increased dramatically as a result. Between 1995 and 2000 real GDP grew by an annual average of nearly 10 per cent. It slowed sharply in 2001 to 5.7 per cent but is estimated to have grown at about the same rate in 2002….

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