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How Ireland pulled off an economic miracle that rivals China, India

The country has long had a reputation as one of Western Europe’s poorest nations, with a third of the population living below the poverty line as recently as the 1980s.

 

But the country’s recent eye-popping economic growth is making it a lot harder to ignore. The Irish economy grew 7.8 per cent in 2015, placing it well ahead of even emerging giants such as China and India. More telling is that Ireland is pulling off a quiet economic miracle as most of the rest of Europe’s economies struggle with poor credit growth, high unemployment and weak inflation.

 

Ireland has also hugely benefited from the large number of foreign companies that have chosen it as a location for European expansion — mainly due to an incredibly low corporate tax rate of 12.5 per cent.

 

 

 

http://business.financialpost.com/investing/global-investor/how-ireland-pulled-off-an-economic-miracle-that-rivals-china-india

 

 

Like Truman said...

 

Raw data can be revealing. For one thing it shows it's been a rocky go for a very long time.

 

Here's the link to the data... can call up many different segments of their economy with a couple clicks.

http://www.tradingeconomics.com/ireland/gdp-growth

ireland-gdp-growth@2x.png?s=iegrpqoq&v=2

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Like Truman said...

 

Raw data can be revealing. For one thing it shows it's been a rocky go for a very long time.

 

Here's the link to the data... can call up many different segments of their economy with a couple clicks.

http://www.tradingeconomics.com/ireland/gdp-growth

ireland-gdp-growth@2x.png?s=iegrpqoq&v=2

 

He's the one with the family that pretended to be something they're not so that they could get money, right? Woody

*******************************************

No. He is the brother to Phil Robertson. He iS part of their family. They are not pretending, ask anyone

in West Munroe about them, and they will tell you that. I have been there, and asked different places,

and the answer is, that they are very, very REAL, from the early days when Phil, Kay and their boys were poor.

Read Phil's book.

726092.jpg

 

I saw Terry Bradshaw who went to school with Robertson and they played football together in Louisiana say Phil Robertston is the real deal. He said he saw it first hand the guy lived for hunting.

 

 

Also I think any problems Ireland may have they would rather be in the better economic position they are in now than a couple of decades ago. Lower taxes work to stimulate the economy but unfortunately the last democrat who understood that was Kennedy.

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When JFK was President the WWII tax rates, raised to actually pay for a war, ranged from 20 to 91%. Again the top marginal rate was 91%!

 

Ike left them in place to pay down the war-driven deficit. JFK was satisfied that the deficit was under control.

 

That was a no-brainer...

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