Ireland: Austerity Poster Child

FT Alphachat | 15 June 2017 | 0h 58m | Listen Later  | iTunes
Fascinating insights on Ireland’s recession. Explains that the openness of Ireland’s economy, with relatively large imports and exports as a share of the economy, was more determinative of the shape of the recession than decisions around the extent of austerity. Lessons for New Zealand given the parallels including overseas borrowing pushing up property prices.

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