Not too long ago, the Irish economy was the envy of much of the developed world. The country quickly developed a knowledge-based economy and saw high levels of growth for a number of years, thanks in large part to its ultra-low corporate tax rate which is at just 12.5%. Yet, the boom didn’t last and the country was hit especially hard by the financial crisis of 2008, becoming the first nation in the EU to officially fall into a recession. After a series of bank bailouts and a crash in the once-dynamic Irish property market, the national economy was pretty much devastated and it remains one of the most indebted countries in the world. With that being said, recent developments in the country suggest that maybe, Ireland is finally exiting its nearly three year slump. Despite the severe challenges facing Ireland, the country has managed to slowly reduce its deficit [...] Click here to read the original article on ETFdb.com. Related Posts: Eric Dutram Discusses ETFs And The European Debt Crisis On BNN Three ETFs To Watch This Week: IGN, FXF, VGK Daily ETF Roundup: VGK Falls On More Debt Woes, UUP Jumps On Franc Peg Daily ETF Roundup: VGK Sinks On Downgrade Worries, DBB Rises On Copper Strength Introducing The New & Improved ETFdb.com
Not too long ago, the Irish economy was the envy of much of the developed world. The country quickly developed a knowledge-based economy and saw high levels of growth for a number of years, thanks in large part to its ultra-low corporate tax rate which is at just 12.5%. Yet, the boom didn’t last and the country was hit especially hard by the financial crisis of 2008, becoming the first nation in the EU to officially fall into a recession. After a series of bank bailouts and a crash in the once-dynamic Irish property market, the national economy was pretty much devastated and it remains one of the most indebted countries in the world. With that being said, recent developments in the country suggest that maybe, Ireland is finally exiting its nearly three year slump. Despite the severe challenges facing Ireland, the country has managed to slowly reduce its deficit [...]
Click here to read the original article on ETFdb.com.
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