‘Big Macenomics’ are good news for Ireland

The price of a Big Mac from McDonald’s has dropped by more in Ireland than any of the other eurozone countries, according to economists who see it was a good way to illustrate national economies.

In just 18 months, the average price of the fast-food chain’s trademark product dropped by about 45c.

This was more than four times the drop in price of the same product in similarly stricken countries such as Greece, Spain, and Portugal.