Ireland Must Address Economic Vulnerabilities, IMF Warns (1)

Ireland cannot take its fiscal resilience for granted, the International Monetary Fund warned, as unpredictable geopolitical events elevate uncertainty even in one of Europe’s strongest economies.

Thanks to an enviable budget surplus, Ireland is building a sovereign wealth fund with some of its corporate tax receipts from companies based there like Apple Inc. That means now is the time to make “sound choices” to address vulnerabilities and secure long-term prosperity, the IMF said in a report after a regular visit to the country.

Ireland should broaden the tax base and accelerate public investment while controlling current expenditure growth and overruns, ...