The Derp
Gold Member
- Apr 12, 2017
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- #621
Ireland set for fastest euro zone growth for fourth year in a row
Too bad it's not helping Ireland's actual economy any, as it experienced an economic contract of 3.5% in the first quarter of this year.
And no argument from me that corporate profits and the incomes of the 1% are soaring there. It's the same thing that happened here that you previously excoriated Obama for. So you're just a double-talking hypocrite.
In fact, over the last 20 years, Ireland's only managed an average growth of 1.5%...which is less than Obama's GDP growth rate.
Ireland can't attract any internal investment. So all those businesses relocating their pass-throughs there aren't actually expanding into the Irish market. And why would they? Ireland's economy contracts 33% of the time, it's unemployment rate is high, and wages are among the lowest and slowest growing in all of Europe.
In fact, over the last 20 years, Ireland's only managed an average growth of 1.5%
You're working off some bad data there.
View attachment 165803
GDP growth (annual %) | Data
Nope. You're working off some bad math. I'm using tradingeconomics.com