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Showing posts with label The Celtic Tiger. Show all posts
Showing posts with label The Celtic Tiger. Show all posts

Jun 23, 2018

[Ans] Which country's economic policies earned it the title "The Celtic Tiger?"

Step 1 : Introduction to the question "Which country's economic policies earned it the title "The Celtic Tiger?""



.."Celtic Tiger" (Irish: An Tรญogar Ceilteach) is a term referring to the economy of the Republic of Ireland from the mid-1990s to the late-2000s, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble which resulted in a severe economic downturn. At the start of the 1990s, Ireland was a poor country by West European standards, with high poverty, unemployment, inflation, and low growth. The Irish economy expanded at an average rate of 9.4% between 1995 and 2000 and continued to grow at an average rate of 5.9% during the following decade until 2008, when it fell into recession. Ireland's rapid growth has been described as a rare example of a Western country to match the growth of East Asian nations, i.e. the 'Four Asian Tigers'.