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Ireland Finally Emerges From Recession

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The economy grew by 2.7pc in the first three months of the year compared with the last quarter of 2009, according to the country's Central Statistics Office.

Ireland's battered economy was believed to have come out of recession in the third quarter of 2009 with growth of 0.3pc. However, that figure was today revised down to show negative output.

Ireland was the first eurozone nation to fall into recession during the first half of 2008 after a decade of stellar growth.

The financial crisis hammered the 'Celtic Tiger' economy, triggering a property crash and banking crisis which pushed unemployment to 13.4pc and forced a bank bail-out.

The recovery is here.

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It is not uncommon to see a patient rally before taking the last breath.

I have seen this with batteries. They seem dead and you take them out and wait a little while and put them back in again and they work! But only for a little while as te rally ends faster than when the battery was running down for the first time.

What does Ireland have to recover with? No one is going there to buy up properties as most of their industry was priced out a couple of years ago. Even tourism is dying due to their still-too-high boom-days pricing. Check out a B&B in the South--double what you pay in Cornwall etc. Many Irish still travel to the North to shop.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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