[Politics_CurrentEvents_Group] Re: Ireland is not doing well?

You were right all along. Ireland is not a good example of what I was talking about. Singapore and Australia are the only countries where the economy is regulated less than in 99% of other countries.

--- In Politics_CurrentEvents_Group@yahoogroups.com, "Sheep&Goatlady" <springcreek@...> wrote:
>
> Who was talking about singapore??? you better read what ireland is up
> against,, sheeze
> ----- Original Message -----
> From: "zeus32117" <zeus32117@...>
> To: <Politics_CurrentEvents_Group@yahoogroups.com>
> Sent: Sunday, March 27, 2011 6:49 PM
> Subject: [Politics_CurrentEvents_Group] Ireland is not doing well?
>
>
> >I agree that Ireland was not doing well in the last three years. Even
> >Singapore's economy does not always do well. However, Singapore's economy
> >usually does better than those of most other countries. Ireland's economy
> >will do well if the government of that country does not prevent it.
> >
> > https://www.cia.gov/library/publications/the-world-factbook/geos/ei.html
> >
> > Ireland is a small, modern, trade-dependent economy. Ireland was among the
> > initial group of 12 EU nations that began circulating the euro on 1
> > January 2002. GDP growth averaged 6% in 1995-2007, but economic activity
> > has dropped sharply since the onset of the world financial crisis, with
> > GDP falling by over 3% in 2008, nearly 8% in 2009, and 1% in 2010. Ireland
> > entered into a recession in 2008 for the first time in more than a decade,
> > with the subsequent collapse of its domestic property and construction
> > markets. Property prices rose more rapidly in Ireland in the decade up to
> > 2007 than in any other developed economy. Since their 2007 peak, average
> > house prices have fallen 50%. In the wake of the collapse of the
> > construction sector and the downturn in consumer spending and business
> > investment, the export sector, dominated by foreign multinationals, has
> > become a key component of Ireland's economy
> >
> > In late 2010, the COWEN Government agreed to a $112 billion loan package
> > from the EU and IMF to help Dublin further increase the capitalization of
> > its banking sector and avoid defaulting on its sovereign debt. The
> > government also initiated a four-year austerity plan to cut an additional
> > $20 billion from its budget. A return to modest growth is expected in
> > 2011.
> >
> > GDP - real growth rate:
> >
> > -1.6% (2010 est.)
> > country comparison to the world: 203
> > -7.6% (2009 est.)
> > -3.5% (2008 est.)
> >
> > GDP - per capita (PPP):
> >
> > $37,600 (2010 est.)
> > country comparison to the world: 27
> > $38,200 (2009 est.)
> > $41,900 (2008 est.)
> > note: data are in 2010 US dollars
> >
> >
> >
> >
> >
> >
> >
> > ------------------------------------
> >
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