Alan Healy: Ireland plots another economic escape but the previous game plan may not work

Previous shocks to our economy were largely absorbed by the impact of multinationals and our strong export market. The current situation is different

As an island nation with limited domestic energy resources, is particularly exposed to fuel spikes and shortages. File Picture: Brian Lawless/PA

Resilient is a suitable term for the modern Irish economy.

The financial tsunami which struck the country in 2008 resulted in painful austerity measures as the IMF entered the country to set things right, but things were largely back on track, economically speaking, by 2015.