The Department of Finance published the Annual Economic Review and Outlook today, dealing with the out-turn for the economy for 2000 and the prospects for 2001.Growth last year was strong. GNP rose by 10.4 per cent in real terms. GDP rose by 11.5 per cent, more than three times the EU average. This was the seventh successive year of very strong economic expansion. Against this background, employment continued to expand, rising by close to 77,000,
This report was prepared in the Department of Finance based on data to late July. It opens with a tabular summary of the main economic aggre-gates, including revised forecasts for 2001. A commentary on the economic situation follows in Part 1. This identifies the main challenges which will have to be addressed if the economic progress of recent years is to be sustained. Part II deals with the international economic situation. Part III describes developments in the domestic economy in 2000 and also deals with trends and forecasts for 2001. The Appendix presents more detailed budgetary and economic statistics...
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