EXECUTIVE SUMMARY Ireland’s economic recovery is expected to remain strong. Growth is increasingly driven by domestic demand as well as exports, and it is job rich, with employment rising 2.2 percent y/y in Q1, bringing the unemployment rate down to 9.8 percent in May. After surging by 4.8...

This report examines the experiences of four European countries that have had large house-price declines in recent years. In particular, it examines the experiences of Denmark, Ireland, the Netherlands, and Spain�four countries in which the house-price cycle has been especially large and that...