The Irish economy is in quite a peculiar place. Emerging as one of the wealthiest in Europe just a few months ago, cracks in Exchequer figures have become increasingly prevalent — with the Organisation for Economic Co-operation and Development (OECD) just this week forecasting a contraction in Ireland’s economy for the first time since the financial crisis.
In a stark shift from GDP growth of 9.4% last year, Ireland’s reliance on a very small cohort of multinationals has manifested in a fall in trade, as pharmaceutical and medical exports continue to weaken.
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