So exactly how exposed to external shocks is the Irish economy?
Remarkable growth since crash is no guarantee of a smooth, shock-free future
One of many threats to the Irish economy would be an increase in oil prices
That the Irish economy is more exposed than most to what economists call external shocks is little surprise. At a time of significant uncertainty, the latest research paper from the Central Bank is welcome not only because it tries to put some estimates on our exposure, but also because it shows the range of factors which influence growth here.