Dublin has third-worst local economy in world

Ireland’s financial fall from grace has seen the capital named as one of the three worst performing metropolitan economies in the world.

The Global Metro Monitor 2011 study, carried out by US financial think-tank the Brookings Institution, ranks 200 of the world’s largest cities each year based on the average income of the population and employment levels.

It specifically focuses on an area’s year-by-year growth or decline, and as such is an indicator of each city’s performance against its own recent history.