General News « Nautical Enterprise

By: Nautical Enterprise  05/12/2011

General News « Nautical Enterprise

In the first half of the decade 2000 – 2010 the Irish economy grew at an annual average rate of 5.4%. The Economic & Social Research Institute (ESRI) produced their ‘Middle Term Review 2005 – 2012’ in December 2005 in which they made predictions for the Irish economy out to 2012. These predictions, for the most part, were positive. Circumstances, however, changed in the second half of the decade and things went terribly wrong, with the foundations for much of the economic disaster being laid in the first half of the decade.