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Ireland—A Remarkable Economic Recovery?

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  • Frances Ruane

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type="main" xml:lang="en"> 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.

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  • Frances Ruane, 2016. "Ireland—A Remarkable Economic Recovery?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 49(3), pages 241-250, September.
    • Handle: RePEc:bla:ausecr:v:49:y:2016:i:3:p:241-250
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    1. Mattie Landman & Sanna Ojanperä & Stephen Kinsella & Neave O’Clery, 2023. "The role of relatedness and strategic linkages between domestic and MNE sectors in regional branching and resilience," The Journal of Technology Transfer, Springer, vol. 48(2), pages 515-559, April.

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