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The transformation of Ireland's economy over the past decade has been characterised by the fastest growth in output and employment in the OECD. In 1999, output alone increased by 9.8% in real gross domestic product (GDP) terms and 7.8% in real gross national product (GNP) terms. In addition, employment has increased by over 40% from 1990 to 2000, again the fastest growth rate in the OECD

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13y ago
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13y ago

For a combination of different reasons. The bursting of a property bubble, bad regulation of banking and the wider world recession are just some of those problems that led to the current state of the economy.

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Q: What are the economic conditions in Ireland?
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