Economy
What is Living in Ireland Like?
After the devastating worldwide recession of 2008, Ireland has seen a significant resurgence. Nicknamed ‘The Celtic Phoenix’, Ireland has seen it’s economy boom once more since the beginning of 2010. 2014 saw a growth in GDP of 5.2%.
In 2017, GDP growth jumped up a huge 26.3% – three times the predicted rate. A large portion of this can be attributed to investment from foreign corporations.
According to Bloomberg, this figure is explained by the vigorous investment of American companies looking to use the 12.5% corporate tax rate.
This incredible economic growth shows significant international interest in Ireland as a reliable investment – proving trust in the Celtic Phoenix.
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