From The World In 2014 print edition
GDP growth: 1.1%
GDP per head: $45,550 (PPP: $44,400)
Budget balance (% GDP) -5.3
With the economy still unable to stand on its own, 2014 may begin with a new financial-support package to replace the one that expires at the close of 2013. The Fine Gael-Labour Party coalition government has done its bit on the spending side to balance the budget, but its growth forecasts have proved ambitious and a big funding gap will remain. Policy pledges tied to the lapsing bail-out agreement will direct government action for a couple of years yet, so there will be little deviation from austerity and pro-growth reforms. Domestic demand will be stagnant, but a brightening trade picture offers hope of a return to modest economic growth.