Eire - in Gaelic - is the exception to the rule in Europe, the only country to have recorded growth in 2020. Its gross domestic product (GDP) grew by 3.4%, according to figures from Dublin (2 , 5% according to the IMF).
The others, from Luxembourg to Germany, not to mention Great Britain, which is still a stakeholder in European geography, have all suffered a historic recession.
Globally too, the island, with its 4.94 million inhabitants, is doing better than mainland China and its population of 1.4 billion, whose growth has reached 2.3%, as comes from the confirm the IMF.
Small is beautiful?
The "Celtic Tiger" asserts its absolute singularity of die-hard tax competition.
Even Singapore, the city-state, the proverbial agile hub of Asia, could not escape the crisis that caused its GDP to plunge 5.4% last year.
But should we still consider the Irish economy as that of a country
stricto sensu
?
Attractive taxation
Rather, it should be seen as a territory
This article is for subscribers only.
You have 82% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in