56613
Irish Economy Best in EU
Irish Economy Best in EU

Irish Economy Best in EU

Irish Economy Best in EU

Ireland finished 2016 as the best performing economy in the EU for the third year in a row. It is a remarkable turnaround over a relatively short period of time, NewsNow reported. The banking crash in 2008 undermined economic sovereignty, which forced the government to accept a humiliating EU/IMF bailout in November 2010. At the low point of Ireland’s downturn in 2011 borrowing costs had reached 16%; the unemployment rate had peaked at 15.1% and the national debt had soared from a pre-crisis level of 23% of GDP to 120%. Borrowing costs are now at record lows of less than 1%, the unemployment rate is down to 7.3% and the national debt-to-GDP ratio fell below 100%.

Short URL : https://goo.gl/IBsdXE
  1. https://goo.gl/jDGgTF
  • https://goo.gl/acH3wY
  • https://goo.gl/lak930
  • https://goo.gl/PFxER3
  • https://goo.gl/yLviVJ

You can also read ...

Alan Bollard
Members of the Comprehensive and Progressive Agreement for...
The US now accounts for less than one-fifth of global economic activity.
Energy market professionals estimate there is a 40% chance of...
Philippine Inflation Accelerates
Philippines inflation has accelerated to 3.8% during the first...
The denial order severely jeopardizes the survival of ZTE.
China’s ZTE Corp. blasted the US government decision to impose...
Irish Drugmaker Rejects Takeda’s $60 Billion Offer
Takeda Pharmaceutical confirmed Thursday that it seeks to buy...
Cuba’s new President Miguel Diaz-Canel delivers a speech after he was formally named president by the National Assembly, in Havana on April 19.
Cuba’s new president has promised to modernize the country’s...
Ukraine GDP Rises to 2.3%
The National Bank of Ukraine has said real GDP increased to 2....
SNB Says No Reason to Change Monetary Policy
The Swiss National Bank is in no hurry to change its ultra-...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus