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.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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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.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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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.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
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