How Ireland Became 2020’s Fastest Growing Economy
 |DTYU7
Read Time:6 Second

How Ireland Became 2020’s Fastest Growing Economy |DTYU7

0 0



Join the Trends Community today. Get your first week for just ONE dollar! https://trends.co/economicsexplained to get started. .

source

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

50 thoughts on “How Ireland Became 2020’s Fastest Growing Economy |DTYU7

  1. 28 billion in tax owed by Apple legally owed to us as judged by the EU courts however our corrupt government didn't contest it, now the money is in esgrow in EU fund which we will see a fraction of now, when our current deficeit is near the 20 billion mark due to years of austerity.

  2. Except there is massive shortage of affordable houses, vulture funds are snapping up properties and renting them back to the councils for affordable housing at triple the price, our low corporate tax is non existent for billionaire companies who seem to be exempt of the law, our emergency universal social charge tax which was brought in during the years of austerity were we paid the majority of the whole of the EU's banking debt for no reason whatsoever, its a corporate tax haven where investing in hotels and property is a way of hiding assests and profit, 65 of our sitting government are millionaires due to jobs for the boys pensions and the fact they are property developers and landlords hence the current greed.

  3. I can’t be bothered watching this bullshit. Their GDP is high because Ireland sells itself CHEAP to anyone who wants to establish an business office there, allowing the AVERAGE GDP to APPEAR higher. Just another bunch of scumbag one percenters camouflaging the real picture.

  4. Ireland is becoming a significantly harder country to live in year on year. It’s rents and property prices are spiralling, gobbling up spare income from your temporary job in the multinationals. Weak social strategy from governments trying to survive elections mean in ten years there will be hoards of ‘left behinds’. If you are not a high performing individual, you probably ought not come to Ireland for a better life, as many do. You may well be disappointed in the medium to long run.

  5. Gotta mention T.K. Whitaker, who led us on our economic boom of 1960s. Also our GNP:GDP ratio is worrying, we have so much over reliance on MNCs. High rents is due to lack of housing and the fact that just have shortage and there is too much demand.

  6. Your GDP figures for Ireland are misleading because Ireland is home to the EU headquarters' of many tech giants such as Google, Apple, Facebook, PayPal and eBay. Ireland collects taxes from these companies on behalf of the EU which grossly inflates Ireland's GDP figures, rental prices and cost of living. Ireland looks great for he individual on paper but really working families are homeless or close to it. Ireland is in no way more 'well off' than Switzerland or Norway, it's nowhere even close.

  7. Ireland is a shithole to live in for anyone outside the 1%. As a 21 year old looking too my future, at this moment in time I can’t see it being in the land I love, my home, Ireland. Realistically, nobody my age in Ireland has any real chance of owning a home in Ireland and rent here is drastically unaffordable. I cannot wait for our government to crumble as it’s currently beginning to do as people have seen the chaos they’ve caused for the last 100 years since becoming free from Britain. It’s funny actually how we’re known as the “Irish Free State” when in fact free could be nothing further from the truth.

  8. Haha good joke Ireland and its housing crisis with 350 per week from covid good luck with that usless country that will fall in to recession again and again

  9. Nice presentation, but without Apple, Facebook, Google and many more growth is not that magical for past 15 years. Well Dublin became very good on rent and property prices, soon nobody can afford to live there ;DDD

  10. Hard pass. I'd rather stay in the US and feign ignorance to all the political and social issues. It's crazy but here not so bad by minding my own business, working on personal projects and hobbies, and not having to pay for $10/pint. Wait, I forgot 70K in student loans. LOL.

  11. Companies know that our government will bend over backwards to keep the benefits coming in the future, there's trust there. That means that the people usually get shafted though. You mentioned the two speed economy, that's already run amok, inequality in housing and healthcare and very little salary growth to account for those huge housing prices. This is a big problem, even for some people with skilled jobs paying high tax.

  12. The Irish Government understood how distorting GDP can be when you have a lot of foreign companies exporting from here, but that means nothing if they don't pay any tax.
    Instead, the Irish Government use GNI to measure the strength of the economy, that scale puts us as not even average, but below that on the European stage.

    Truth is, the Irish people see very little of this money, among many other problems that we face with corruption etc.
    Also, the UK is not our estranged mother, we were oppressed and had to fight for freedom for over 800 years. We are still seen as beneath them unfortunately.
    Beyond the above, I did really enjoy the video though, keep it up!

  13. Only a few made "real" money during the Celtic Tiger years (selling each other houses)… and that same few then were able to take advantage of the assets in the Bad Bank at bargain basement prices while the tax payer paid the bill for the bail out. Ireland paid off the IMF/EU Bail Out Loan in record time in order to not comply with structural economic and taxation reforms (again, at the expense of the tax payer and the average Irish person). None of the right housing was built during the Celtic Tiger years, and now there is a huge housing shortage – to buy and to rent. Except for Dublin, there is a lack of government investment or focus on foreign investment in the rest of the country. All infrastructure projects are Dublin focused – ignoring the rest of the country. The government allows large foreign companies to come into Ireland to buy up the few housing developments being built in order for these companies to rent out at huge rental prices. The government has done a bad job at collecting taxes, and with the cash economy and self-employment, loads are not paying their fair share in taxes. Although it's in the EU, it picks and chooses what it decides to apply or to pay lip service… with the business environment acting more like it is the wild US than Ireland or the EU. Enforcement of labour laws and regulations is lacked. The "high-tech" scene is just that… a scene (a paper "celtic tiger") but not reality compared to Silicone Valley, Texas and Shenzhen. What little high-tech there is… is all focused around Dublin – ignoring the rest of the country. Ireland has economic problems that the statistics and figures ignore and gloss over the reality on the ground for average Irish people.

  14. Come back to talk about us next year when the general public incur the costs of the Pandemic payment to over a million people in 2020 and hundreds of thousands since the reopening of hospitality industry.

  15. The only solution to Irelands emigration problems is to join the UK. This may upset some people but it makes rational, logical sense.

    Internet, please discuss the pros and cons of this…

  16. I cant think of a better time for Northern Ireland to rejoin the South into a unified Ireland. England is a mess and the South is booming . Most of those under 40 arent interested in the "troubles". How about it ?

Leave a Reply

Your email address will not be published. Required fields are marked *

ep5 B. ÅKERLUND - BEA MADE IN SWEDEN Previous post ep5 B. ÅKERLUND – BEA MADE IN SWEDEN |DTYU7
Swedish National Day Next post Swedish National Day |DTYU7