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After one of the most severe recessions in the OECD area the Irish economy is now stabilizing but the recession left significant scars in the labour market that will take time to heal.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
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Agreement between Ireland and Samoa for the exchange of information relating to tax matters
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Agreement between Ireland and Cook Islands for the exchange of information relating to tax matters
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Ireland experienced a rapid increase in the inflow of immigrant students only in recent years, and the main focus of migrant education is first-generation immigrants. Currently about 10% of students in primary schools and about 8% of students in post-primary schools have immigrant backgrounds. <
Economic forecasts for GDP, unemployment, inflation and fiscal balance
Ireland is in severe recession, following several years of high but ultimately unsustainable growth and rising imbalances.
The Irish labour market is undergoing a severe adjustment following the sharp fall in output, which has been concentrated on labour intensive sectors.
Since the last OECD environmental performance review of Ireland in 2000, environmental policies have been improved, environmental institutions strengthened, and significant investments made in environmentally-related infrastructure. However, important challenges remain, such as strengthening efforts to mitigate greenhouse gas emissions and ensuring a better financial viability of water use, warned the OECD Secretary-General.
Living standards in Ireland will remain high, despite the severe contraction, but stronger structural policies would encourage sustainable long run growth.