Download or read book Ireland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-09-10 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Selected Issues paper describes the nexus between household wealth, saving, and consumption, and provides estimates for the medium-term path of household saving and consumption. The paper also discusses to what extent the credit market frictions are holding back Ireland's economic recovery. Under current macroeconomic assumptions, the savings rate is expected to decline. Households have rapidly accumulated debt during boom times, and incomes and asset values have declined severely during the crisis. The Executive Board welcomes the country’s efforts toward economic recovery.