Monday 23 October 2017

Will 'Celtic phoenix' crash and burn again?

Voters are optimistic again but concerned that the spoils of recovery will not lead to social prosperity

Last September, Enda Kenny, in serious tones, warned there would be no return to boom and bust
Last September, Enda Kenny, in serious tones, warned there would be no return to boom and bust
Jody Corcoran

Jody Corcoran

The current edition of The Economist magazine refers to Ireland as the "Celtic phoenix", a country rising from the ashes of economic ruin.

In 1988 the same magazine concluded that Ireland was an economic failure, the basket case of Europe.

But by the Nineties perceptions about the country's economic performance had changed. Rather than dismissed as an economic basket case, Ireland had become known as the Celtic Tiger.

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