IRELAND: STRONG ECONOMIC OUTLOOK PREDICTED BY IMF

Article Abstract:

Despite levels of inflation higher than the European Union (EU) average, the Irish economy is in good health and GDP per capita based on long-term exchange rates has risen above the UK, according to a new report about to be published by the International Monetary Fund (IMF). The report contradicts warnings from eurosceptics that membership of the eurozone has pushed inflation to an unsustainable level that will lead to recession. Although inflation in Ireland is over 5%, compared to the average EU rate of 1.7%, a rise in the tobacco tax in 1999 is partly to blame, while Ireland is also one of the EU fringe countries that has had to grow quickly to catch up with living standards elsewhere in the EU.

Ireland

---

UK: BRITAIN PREDICTED TO ADOPT EURO BY 2003

Article Abstract:

The most recent winner of the Nobel Prize for economics, Professor Robert Mundell, has predicted that the UK will adopt the Euro by the end of 2003 when the country realises that it has no other realistic alternative. Professor Mundell believes that staying in the European Union without joining the Euro would lead to tension that would sour Britain's relationship with the rest of Europe. The professor also predicted that as more countries join the Euro, its importance as an international currency will grow and eventually the European region will overtake the US in terms of both gross national product and population.

Forecasts and trends, Achievements and awards, Mundell, Robert A.

---

UK: REVERSAL IN BUSINESS CONFIDENCE

Article Abstract:

A report produced by the Confederation of British Industry and Business Strategies has revealed that there has been a reversal in business confidence in the UK. It is said that the traditional North-South divide of economic fortunes has started to change, with the Northern regions now enjoying a recovery in business confidence, export orders and export deliveries during the second quarter of 2000. In contrast many areas in the South and Midlands have started to see both business optimism and activity start to slide.

Economic aspects

Similar abstracts:

• Abstracts: UK: AVANDIA TO HELP DIABETES CASES. UK: GLAXOSMITHKLINE TO SPLIT INTO 8 UNITS
• Abstracts: WORLD: LACK OF FUNDS FOR UN HEALTH PROGRAMMES. UK: EXPORT CREDIT RULES AMENDED. UK: REGIONAL AID PLAN APPROVED BY EUROPE
• Abstracts: UK: NEW CONCEPT STORE IN KENSINGTON FOR M&S. Retail theatre makes a stylish comeback
• Abstracts: The mall that ate Manchester Bags of flair
• Abstracts: Can corporate woman save the day for corporate man? Oil pipe extension threatens Ecuadorian birds. US: OIL BARGE HIJACKED BY GREENPEACE

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.