Word: esri
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...construction mania fast became "a growth that squeezed all the other organs of the economy," says John Fitz Gerald, an economist at Dublin's Economic and Social Research Institute (ESRI). That starved Ireland's exporters of valuable resources. The result: the country's share of euro-zone exports has slipped by a fifth since 2001, while housing investment grew to 14% of Ireland's economy by 2006, roughly three times the European average. When values and demand began to fall - house prices fell 10% in the year to August, while apartments at the Grange are now selling at a rate...
...headquarters from the U.K. to Ireland; and why pharmaceutical company Shire and publishers United Business Media both announced similar plans earlier this year. The arrival of new companies, and a greater emphasis on trade, should help Ireland to average growth of around 3.5% over the next decade, according to ESRI's Fitz Gerald, outstripping most of Europe...
Sources: North American Electric Reliability Council; Department of Energy; ESRI; AP; Philadelphia Inquirer; New York Times; How Stuff Works
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