The Irish economy has grown so fast over the past decade it has earned itself the title of 'Celtic T...
The Irish economy has grown so fast over the past decade it has earned itself the title of 'Celtic Tiger' but continued economic growth has led to fears of overheating. Since June 1999 there has been a fairly sharp acceleration in inflation going from 1.2% in July last year rising to 6.2% by August 2000. However, fund managers agree that since Ireland is a member of Emu and Irish interest rates are set by the European Central Bank, overheating and inflation will have little impact on the Irish government bond market. With the Irish economy growing so strongly, the country's exchequer is...
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