Ireland — A Remarkable Economic Recovery?

September 1, 2016 | Journal Article

Front cover of Australian Economic Review Authors: Frances Ruane
The Australian Economic Review , Vol. 49 , No. 3, 2016 , pp. 241-250

The collapse of the Irish economy during the Global Financial Crisis brought a substantial decline in gross domestic product, a trebling of the unemployment rate and a sharp increase in public debt. Key to the scale of Ireland’s crisis was the scale of a domestic property bubble. In the Corden Lecture, I explored how Ireland’s notable turnaround since 2013 contrasts with the experiences of Spain, Portugal and Greece. This was primarily due to Ireland’s large, foreign-owned, modern, export-oriented, multinational sector and its early and sustained action to deal with the fiscal deficit that emerged in 2008.

  • Publication Details

    Journal Article

    ESRI Series Number: 201644
    Research Area: Macroeconomics
    Date of Publication: September 1, 2016
    Published Online: September 01, 2016
    Publisher: Wiley
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