We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

John Lipsky speaking in London today. Carl Court/PA Wire/Press Association Images

On track: IMF says Ireland's recovery is showing positive signs

Acting head John Lipsky did say that Ireland’s recovery was a difficult challenge but added that we were on track.

THE ACTING HEAD of the International Monetary Fund (IMF) has said that Ireland’s economic recovery programme “appears to be on track” today.

John Lipsky said there were positive signs in the Irish economy such as a return to export growth but added that the economy still requires what he called “forthright action by the Irish authorities to re-establish the basis for sustained growth,” RTÉ News reports.

He also added that the country’s economic recovery was a “difficult challenge”.

Lipsky was speaking in London where the IMF was delivering its verdict on the UK economy. Lipsky said that no changes were needed to the policies being implemented by chancellor George Osborne.

The verdict from the IMF said that whilst the UK’s weak economic growth and rising inflation had been “unexpected”, these developments were “largely temporary”, according to BBC News.

The IMF’s verdict on the UK economy comes despite warnings from some of the country’s top economists in The Observer yesterday that the path of drastic spending cuts by Osborne was not working.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.