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The Irish economy entered severe recession in 2008, and then entered into an economic depression in 2009. [27] The Economic and Social Research Institute predicted an economic contraction of 14% by 2010. [28] In the first quarter in 2009, GDP was down 8.5% from the same quarter the previous year, and GNP down 12%. [29]
The Celtic Tiger had more than just an economic impact, impacting also Ireland's social backdrop. 2007 research by the Economic and Social Research Institute, prior to the crash, found that fears over wider social inequality, declining community life, and a more selfish, materialist approach to life were largely unfounded, and that the social ...
The economic history of the Republic of Ireland effectively began in 1922, when the then Irish Free State won independence from the United Kingdom. [2] The state was plagued by poverty and emigration until the 1960s when an upturn led to the reversal of long term population decline .
Europe's deteriorating economic situation continues to dominate the financial headlines. Fortunately, much of the news this month has been positive. Greece managed to default in an orderly manner ...
Education in the Republic of Ireland is a primary, secondary and higher (often known as "third-level" or tertiary) education. In recent years, further education has grown immensely, with 51% of working age adults having completed higher education by 2020. [ 1 ]
In October 2020, all further and higher education institutions across the country moved classes primarily online due to Level 5 lockdown restrictions, [118] [119] however buildings of universities and colleges were allowed to remain open to students and staff after the government granted higher-education institutions "essential service" status ...
By 2017, IDA Ireland estimated multinationals (US comprise 80%), [58] contributed €28.3bn in cash to the Irish Exchequer (corporate taxes, wages, and capital spend), and were responsible for an even larger Irish economic impact then could be accurately measured (i.e. new office construction, second order services etc.). [59]
Social partnership [1] (Irish: Pairtíocht sóisialta) is the term used for the tripartite, triennial national pay agreements reached in Ireland. The process was initiated in 1987, following a period of high inflation and weak economic growth which led to increased emigration and unsustainable government borrowing and national debt.