Irlandiamo

Until a few years ago I considered Ireland a sort of Toyland is not just for the sheer beauty of its landscapes, the warmth of its people and the magical atmosphere of its pubs, but also for the wonderful opportunities that the Irish labor market could offer. Today the scenario has changed considerably.

The Republic of Ireland have climbed the summits of the European ranking of decrease. For this reason it is the first EU country to officially declare a state of "recession" economy.

For almost twenty years our green Ireland was one of the most dynamic economies in the Old Continent, but the reversal suffered in recent years have won her a decidedly unenviable record. With a decline in GDP of 0.5% in the second quarter, in addition to a precendete negative quarter, the Republic of Ireland have climbed the summits of the European ranking of the decline of the euro becoming the first country to officially enter into recession.
The reverse of Dublin right now scares the main European economies, after quarters, and in some cases years, the minimum growth are likely to fall seriously in the dreaded "below zero" to "trend GDP".

Among the intended victims, the Financial Times has suggested, there would be a continental G3 consists of Germany, France and Italy.

To promote decisively the Irish recession is clearly a crisis of real estate and construction, the segment of the physical market on which more than any other weighs the credit crisis. Inflation (but it would be better to say "stagflation"), the difficulty of access to credit and falling demand are producing a sharp fall in what is traditionally a leading sector in the more advanced emerging economies.
Here are the details of a crisis. In 2007 there were 78 thousand new buildings made in Ireland, confirming an average growth of 7%. At the end of 2008, however, should not exceed 50 thousand share in 2009 while the number of new buildings will be around about 20 thousand units.