Quarterly Economic Commentary, Summer 2007 Special Articles On the Likely Extent of Falls in Irish House Prices by Morgan Kelly Valuing Ireland’s Pension System by Shane Whelan

Abstract

According to the preliminary estimates contained in the Quarterly National Accounts for December 2006, real GNP grew by 7.4 per cent last year. The corresponding figure for real GDP was 6 per cent. These figures imply that the economy continued to perform very strongly last year and are consistent with other positive outcomes. For example, 87,000 extra jobs were created in 2006 and the Exchequer recorded a surplus of over €2 billion