Pages 9-13 of the report contain an impressive array of data showing indications of Ireland’s falling competitiveness. They also indicate that the IMF team and the Irish authorities disagreed about the extent of the competitiveness problem, with the Irish being more optimistic (due to our falling wages). We all agree, I presume, (and the IMF agrees) that to the extent that our nominal wages fall, we will become more competitive. But, it would be nice to have more data on the extent to which this is happening, in Ireland and elsewhere. As the IMF points out, you can’t just assume that wages are not falling in any of our competitors (and that is even leaving aside the issue of nominal exchange rate changes). Good comparative quantitative evidence (as opposed to anecdotes) would be nice: does anyone know of any?