Appraisal of the Irish Economy 2010
| Project: | SKEMA |
|---|---|
| Report Name: | Appraisal of the Irish Economy 2010 |
| Date: | June 2010 |
| Author: | Gerry Trant |
In the first half of the decade 2000 – 2010 the Irish economy grew at an annual average rate of 5.4%. The Economic & Social Research Institute (ESRI) produced their ‘Middle Term Review 2005 – 2012’ in December 2005 in which they made predictions for the Irish economy out to 2012. These predictions, for the most part, were positive. Circumstances, however, changed in the second half of the decade and things went terribly wrong, with the foundations for much of the economic disaster being laid in the first half of the decade.
This Appraisal attempts to capture the developments of the time through:
- A review of the ESRI study ‘Medium Term Review 2005 – 2012’, as well as using references from ‘The Pope’s Children’ and published articles from David McWilliams, a popular author and journalist who, at the time, antagonised Government officials by his incessant warnings of the consequences of their expansionist policies;
- A brief review of the actual economic outcomes in Ireland using economic data;
- Reviews of some of the international literature that followed the bursting of the Supper Bubble that triggered the economic crisis in 2008.
14 July, 2010 - Posted by Gráinne Lynch - Posted in General News, Reports, SKEMA and tagged Economic Analysis