A strong commitment to reform and a business-friendly environment have helped Ireland return to robust economic expansion, offering the government an opportunity to heal the scars of the crisis, according to the latest OECD Economic Survey of Ireland.
The Secretary-General presented the 2015 OECD Economic Survey of Ireland with Minister of Finance Michael Noonan, delivered a lecture on policy challenges for the next 50 years, signed a corporate internship programme at Trinity College Dublin, and held a series of bilateral meetings.
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Ireland was hit hard by the financial crisis and the labour market has yet to fully mend. The unemployment rate more than tripled from 4.6% in Q1 2007 to its peak of 15.1% in Q4 2011.
After three years of sacrifice, hard work and difficult reform, Ireland has fought its way out of the depths of the financial crisis to become one of the fastest-growing economies in Europe and one of the best countries in the world in which to do business.
Ireland is one of the best performing donors when it comes to directing its development aid to the world’s neediest countries, according to a new OECD report.
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The Irish government has taken resolute action to address the unemployment challenge, launching the Action Plan for Jobs (APJ) initiative in early 2012. Drawing on the expertise and experience of OECD member countries, this preliminary review examines key aspects of the Action Plan for Jobs and highlights some key policy priorities to boost job creation.
The average worker in Ireland faced a tax burden on labour income (tax wedge) of 26.6% in 2013 compared with the OECD average of 35.9%. Ireland was ranked 28 of the 34 OECD member countries in this respect.
The Prime Minister of Ireland, Taoiseach Enda Kenny TD, and Deputy Prime Minister Tánaiste Eamon Gilmore TD, visited the OECD on 7 February to discuss Ireland’s economic recovery and its partnership with the Organisation as a key ally supporting their reform agenda.
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This report on seeks to provide guidance on the design and delivery of a Youth Guarantee in Ireland based on the experience of other countries in designing guarantees or other comprehensive policy packages to help youth find productive and rewarding employment.
Ireland should increase its resources to detect and investigate foreign bribery more efficiently. Resources have, in recent years, been largely devoted to investigating non-bribery cases in the financial sector. Ireland has not prosecuted a foreign bribery case in the twelve years since its foreign bribery offence came into force, and law enforcement has taken few proactive steps to investigate allegations.