Assessment and recommendations

Ireland is getting back on its feet after a severe banking and fiscal crisis. Determined structural reforms and fiscal consolidation () have helped to rebalance the economy, which is recovering gradually, and underpinned a successful return to the sovereign bond market at declining costs (). However, the crisis has left a legacy of unemployment and debts, amongst the highest in the OECD. Now is the time to implement policies that will promote sustainable growth and job creation, including by reforming public institutions and regulations.

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