Bill Mitchell: Ireland – not as rosy as the official story might suggest

Ireland has made itself look ridiculous. Official figures showed the Irish economy grew by an unbelievable 26pc in 2016 – more than three times faster than first thought. This was quickly dismissed by economists as “farcical”. Nobel Prize-winning economist Paul Krugman described the phenomenon as “Leprechaun economics”. In this blog Bill Mitchell crunches the numbers and shows that the Celtic Tiger is  an Irish  pussy cat.


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