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BBC Video: Ireland in Recession
24th May 2009
The Celtic Tiger is hurting and this six minute BBC Scotland Newsnight report looks at the challenges facing Ireland and what it might mean for independent smaller economies including Scotland. There is a focus on the imminent closure of the Dell manufacturing plant near Limerick (it is moving production to Poland) and the need to rebalance the economy after the collapse of the property and construction boom. Has the Irish economy suffered because of poor macroeconomic management or because it is simply a very small economy (producing just over 1% of EU GDP) which has been rocked by severe external economic shocks?
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.