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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.
Following the severe contraction of the economy, the main economic challenges in rebalancing the economy include raising competitiveness, restoring the financial system to health, fiscal consolidation and avoiding high long-term unemployment.
Living standards in Ireland will remain high, despite the severe contraction, but stronger structural policies would encourage sustainable long run growth.
The fiscal consolidation challenge for Ireland is severe, the underlying budget balance having moved abruptly from surplus to a large deficit.
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The OECD Employment Outlook 2009 indicates that Ireland's unemployment rate is likely to rise further in coming months, and could even approach 15% by the end of 2010 if the recovery fails to gain momentum.
The Aid for Trade at a Glance 2009: Maintaining Momentum report presents the results of the second monitoring exercise of the Aid for Trade Initiative and documents its success so far.
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OECD’s Teaching and Learning International Survey (TALIS) provides the first internationally comparative perspective on the conditions of teaching and learning.
This book is part of the OECD Environmental Performance Reviews Programme, which conducts peer reviews of environmental conditions and progress in each member country. It scrutinises countries' efforts to meet both domestic objectives and international commitments.
Ireland’s net official development assistance (ODA) was USD 1.3 billion in 2008, a 90% increase over 2003 in real terms. Ireland’s aid grew from 0.39% of gross national income in 2003 to 0.58% in 2008 during a period of exceptional national economic growth.