Ajai Chopra, the International Monetary Fund’s mission head to Ireland, said that “risks” for the country remain “high” as household debt and economic uncertainty continue to weigh on demand, the Irish Times reported.
If domestic demand doesn’t improve, and constrained export growth keeps Irish growth “stuck at about 0.5 percent,” Ireland’s debt will continue to rise, Chopra was reported as saying.
The IMF has been pushing for “additional European support” for Ireland beyond existing arrangements, Chopra said, according to the report. He spoke to the newspaper at the IMF meeting in Washington yesterday.
To contact the reporter on this story: Finbarr Flynn in Dublin at firstname.lastname@example.org.
To contact the editor responsible for this story: Douglas Lytle at email@example.com.