Celtic Tiger in the context of "Post-2008 Irish economic downturn"

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👉 Celtic Tiger in the context of Post-2008 Irish economic downturn

The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent property bubble which rendered the real economy uncompetitive, and an expansion in bank lending in the early 2000s. An initial slowdown in economic growth during the 2008 financial crisis greatly intensified in late 2008 and the country fell into recession for the first time since the 1980s. Emigration, as well as unemployment (particularly in the construction sector), escalated to levels not seen since that decade.

The Irish Stock Exchange (ISEQ) general index, which reached a peak of 10,000 points briefly in April 2007, fell to 1,987 points—a 14-year low—on 24 February 2009 (the last time it was under 2,000 being mid-1995). In September 2008, the Irish government—a Fianna Fáil–Green coalition—officially acknowledged the country's descent into recession; a massive jump in unemployment occurred in the following months. Ireland was the first state in the eurozone to enter recession, as declared by the Central Statistics Office (CSO). By January 2009, the number of people living on unemployment benefits had risen to 326,000—the highest monthly level since records began in 1967—and the unemployment rate rose from 6.5% in July 2008 to 14.8% in July 2012. The slumping economy drew 100,000 demonstrators onto the streets of Dublin on 21 February 2009, amid further talk of protests and industrial action.

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Celtic Tiger in the context of Roads in Ireland

The island of Ireland, comprising Northern Ireland and the Republic of Ireland, has an extensive network of tens of thousands of kilometres of public roads, usually surfaced. These roads have been developed and modernised over centuries, from trackways suitable only for walkers and horses, to surfaced roads including modern motorways. Driving is on the left-hand side of the road. The major routes were established before Irish independence and consequently take little cognisance of the border other than a change of identification number and street furniture. Northern Ireland has had motorways since 1962, and has a well-developed network of primary, secondary and local routes. The Republic started work on its motorway network in the early 1980s; and historically, the road network there was once somewhat less well developed. However, the Celtic Tiger economic boom and an influx of European Union structural funding, saw national roads and regional roads in the Republic come up to international standard quite quickly. In the mid-1990s, for example, the Republic went from having only a few short sections of motorway to a network of motorways, dual carriageways and other improvements on most major routes as part of a National Development Plan. Road construction in Northern Ireland now tends to proceed at a slower pace than in the Republic, although a number of important bypasses and upgrades to dual carriageway have recently been completed or are about to begin.

Roads in Northern Ireland are classified as either Highways, motorways (shown by the letter "M" followed by a route number, e.g. M1), A-roads (shown by the letter "A" followed by a route number, e.g. A6), B-roads (shown by the letter "B" followed by a route number, e.g. B135) and other roads. There are two types of A-roads: primary and non-primary.

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Celtic Tiger in the context of Bettystown

Bettystown (Irish: Baile an Bhiataigh), previously known as Betaghstown and transliterated to Beattystown/Bettystown, is a village in County Meath, Ireland. Together with the neighbouring villages of Laytown, Mornington and Donacarney, it comprises the urban area of Laytown–Bettystown–Mornington–Donacarney with a combined population of 15,642 at the 2022 census. During the Celtic Tiger, with increasing property prices in Dublin, Bettystown expanded to cater for large numbers of commuters to Dublin. The area was well known before that as a spot for Dublin summer holiday visitors, with a number of caravan parks and seaside amusements.

In 2011, Bettystown and Laytown as far as the River Nanny were transferred from the three-seat constituency of Meath East to the five-seat constituency of Louth.

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