Review:
Celtic Tiger
overall review score: 4.5
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score is between 0 and 5
The Celtic Tiger refers to a period of rapid economic growth and development in Ireland during the late 1990s and early 2000s.
Key Features
- Rapid economic growth
- Increased foreign investment
- Booming construction industry
- Low unemployment rates
Pros
- Significant increase in standard of living for Irish citizens
- Creation of jobs and opportunities for the population
- Boost to Ireland's international reputation
Cons
- Unequal distribution of wealth leading to housing affordability issues
- Over-reliance on construction sector, which contributed to the economic crash in 2008