Investor Presentaiton
25%
20%
15%
10%
5%
0%
-5%
-10%
-15%
-20%
The "i-g" snowball effect in Ireland's favour
Low interest rates coupled with reversion to growth underpins debt dynamics
With low rates locked in, Ireland's "hurdle rate" for a positive
Histogram of Ireland's recent growth history (2001-2020)
snowball effect is low
1998
2000
2002
2004
2006
2008
2010
2012
2014
i-g
Growth (GNI*)
2016
2018
2020
2022f
2024f
-Average Interest Rate
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: CSO; Department of Finance forecasts, NTMA analysis
10
Number of years
2
4
6.
O
Nominal GNI* grew by
more than 4% in 14 of last
20 years
<-8%
-6-4%
-4-2%
-2%
0-2%
2-4%
4-6%
6-8%
8-10%
GNI*
Annual Growth rate
GDP
■GG Revenue
10-12%
12%+
30
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