Macro Economics

The Irish Economy in the last decade has been through all types of economic cycles, be it a recession, depression, recovery or boom. From the declining phase in 2008 to the tremendous growth phase in 2015, Ireland has seen it all. In the assignment, we are going to discuss some of the major economic indicators which constitute the Irish Economic System and how well they have been able to sustain the economy over the last ten years. Apart from the indicators, an overview of the global financial crisis and how it affected the economy of Ireland would be the center of discussion. The policy measures being taken by the government in order to cope with the weakening economy. The fiscal and monetary policies are of utmost importance, also a comparison of the economic indicators before and after the crisis would be discussed. An assessment of the Irish economy would give us a clearer view about the global crisis and how Ireland survived and then grew to be back on track would conclude our discussion.