ASSESSMENTS
Ireland: The 'Celtic Tiger' Weakened
Apr 30, 2009 | 16:59 GMT
PETER MUHLY/AFP/Getty Images
Summary
Ireland's unemployment rate is predicted to rise to between 14 and 16.8 percent by 2010, while its gross domestic product is expected to contract by 14 percent. Once dubbed the "Celtic Tiger" because of its stellar economic growth, Ireland is now in danger of facing the biggest economic decline for an industrialized nation since the Great Depression.
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