02055cas a2200301 a 4500 AALejournalIMF021833 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513587233 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Ireland : 2021 Article IV Consultation-Press Release; and Staff Report. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (72 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 percent at the peak of the first wave, while MNEs continued to grow strongly, driving overall GDP growth to 3.4 percent. A swift policy response has been effective in mitigating the crisis impact and protecting households and firms. The domestic sectors are expected to partially recover in 2021, with GDP growth projected at 4.6 percent. Downside risks stem from uncertainties surrounding new COVID variants, post-Brexit trade arrangements, and likely changes in international taxation. Mode of access: Internet International Agreements imf International Organizations imf Monetary Policy imf Observance imf Ireland imf IMF Staff Country Reports; Country Report ; No. 2021/123 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/123/002.2021.issue-123-en.xml IMF e-Library