Analysis of The Economic and Financial Environment of Ireland Student’s Name Institutional Affiliation Analysis of The Economic and Financial Environment of Ireland Introduction Ireland was the first country in the Eurozone to be hit by a huge economic crisis. However as at 2013 the country has made a significant economic improvement. It had started emerging from its problems as well as regaining its access to market financing. Activities started recovering slowly (Allayannis et al. 2017). For instance the unemployment rate began to decline there was an improvement in cost competitiveness and strong exports helped in eliminating the external. The government embarked on a restructuring of the banking system and established growth-enhancing reforms. Besides sustained and determined fiscal policy actions as well as strong social and political buy in helped a great deal in reducing the sovereign debt costs and restoring the market confidence (Allayannis et al. 2017). The government country following the economic crises experienced in 2008 and 2013. Although the rate of unemployment is still above the natural rate the country has experienced a remarkable decline in the rate of unemployment. Similarly the budget deficit exceeded the government's expectation of cutting it to 0.9% of the GDP. The rise in consumer purchasing GDP and a PMI reading of 57.1 are all indications of strong growth in the country's economy. The country operates on a surplus balance of payment. Conclusively the economic condition of Ireland is a favorable place for investment. References Allayannis G. Allayannis G. Risell A. Risell A. Allayannis G. Allayannis G. ... & Risell A. (2017). The Euro zone and the Sovereign Debt Crisis. Darden Business Publishing Cases 1-28. MacCarthaigh M. (2017). Public Expenditure Reform. In Public Sector Reform in Ireland (pp. 193-212). Palgrave Macmillan Cham. Rowe J. (2017). F INTERNATIONAL AND NATIONAL ECONOMIES. World Banking Abstracts 33(6) 454. [...]
ARIAL12 AND DOUBLE SPACE REPORT OF: -THE EXTERNAL SITUATION ( IMPORTS, EXPORTS, BALANCE OF PAYMENTS, FOREIGN DEBT, CURRENCY STABILITY). -THE INTERNAL SITUATION ( GROWTH, UNEMPLOYMENT, INFLATION, BUDGET) OF IRELAND.