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ARTICLE · 18 NOVEMBER 2024

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On 31 October 2024, Governor of the Central Bank ("Central Bank"), Gabriel Makhlouf, published a blog post detailing some of the key themes discussed at the annual meeting of the international monetary fund ("IMF").

IrelandFinance and Banking
Darren Maher
Darren Maher
Joe Beashel
Joe Beashel
Gráinne Callanan
Gráinne Callanan
Elaine Long
Elaine Long
Louise Dobbyn
Louise Dobbyn
Caroline Kearns
Caroline Kearns
Niamh Mulholland
Niamh Mulholland
Ian O'Mara
Ian O'Mara
Claire Scannell
Claire Scannell
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1. Governor of the Central Bank of Ireland's observations on the 2024 IMF annual meeting

On 31 October 2024, Governor of the Central Bank ("Central Bank"), Gabriel Makhlouf, published a blog post detailing some of the key themes discussed at the annual meeting of the international monetary fund ("IMF"), at which he was an attendee.

The Governor noted that the meeting took place against a background where economic activity has proven to be resilient, global growth has remained steady and inflation is continuing to stabilise. However, he sounded a note of caution and pointed out that growth prospects over the medium term horizon are weak. This stems from low growth, high debt and increasing geoeconomic fragmentation. Governor Makhlouf also referenced the IMF's Global Financial Stability Report, noting its conclusions that near term financial stability risks remain contained but increasing vulnerabilities could worsen future downside risks.

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