The Department of Finance has released an interim update of its macroeconomic projections: you can find it here. While the upgrade to the real GDP forecast has been well publicised, this release also notes that the decline in the GDP deflator is sharper than expected – but it does not provide a number for nominal GDP growth.
A more elaborate revision of its forecasts will be published in the Autumn.
In Irish Economy Note No. 11, Jim O’Leary writes on the external surveillance of Irish fiscal policy during the boom.
This NYT article provides an interesting account of the careers and research choices of Carmen Reinhart and Ken Rogoff.
The New York Times carries a lengthy article (plus plenty of photos in a slideshow format) on the Irish situation: you can read it here.
A more accurate and comprehensive headline might have been: “Ireland paying a high price for boom-bust cycle in property sector and attendant banking crisis, amplified and abetted by procyclical fiscal policy and now requiring a sustained fiscal correction” – but that is probably too long!
Update: Paul Krugman adds his view in this post.
Athlone is the target of a major Chinese investment initiative, according to this Guardian report: you can read it here.