Five reasons to be positive about Ireland’s economic prospects

The economy has taken a severe hit but there are a number of things working in our favour

Outdoor dining in Dublin: the reopening should see a sharp increase in consumer spending. Photograph: Gareth Chaney/Collins

Outdoor dining in Dublin: the reopening should see a sharp increase in consumer spending. Photograph: Gareth Chaney/Collins

The unusual thing about the current crisis – in economic terms at least – is that it doesn’t stem from some innate dysfunction with the Irish economy.

In contrast to the 2008 financial shock, which was magnified by a domestic property crash and a deeply indebted banking system, the current shock was triggered not by an economic imbalance but by a health crisis and a series of self-imposed lockdowns.

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