Ireland, one of the richest and peaceful sovereign island nation in Northern Europe, suffered major economic setbacks in 2008. This island state had to put up with the international financial crisis and the Eurozone crisis after that.
Surprisingly, Ireland was able to pull through all these tough times and its economy finally recovered. For instance, in 2015, its real GDP grew by 4.5%. By the year 2016, the same got consolidated to 4.9%.
Domestic demand majorly supported the remarkable growth. However, the GDP growth is expected to decline by 3.2% in 2017.…