Investor Presentaiton
The "i-g" snowball effect in Ireland's favour
Low interest rates coupled with high nominal growth underpins debt dynamics
With low rates locked in, Ireland's "hurdle rate" for a positive
Histogram of Ireland's recent growth history (2002-2021)
snowball effect is low
20
15
10
-5
-10
-15
Number of years
8
765432
1 O
-20
0
I
I
1995
2000 2005 2010
2015
2020 2025
- Average interest rate
Growth (GNI*) ■ i
-g
Source: CSO, Irish Department of Finance forecasts, NTMA analysis
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Nominal GNI✶ grew by
more than 4% in 15 of last
20 years
<-8%
-6-4%
-4-2%
-2-0%
0-2%
2-4%
GNI*
Annual growth rates
GDP GG Revenue
4-6%
6-8%
8-10%
10-12%
12%+
Source: CSO, NTMA analysis
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