Unformatted text preview: America will also affect the housing markets globally. Ireland has the will to prevent a serious recession, and right now, it is not recessing per se but just growing at a slower rate, but it will be a struggle for the Irish people to maintain their economy without significant decline. The Irish people will need to continue the research and development of technologies in order to progress to a future that is different from their recessionary past. The previous economic expansion Ireland experienced came to an en, bit it is still possible to prevent a recession. As long as interest rates and taxes for business remain low, a possible solution to Ireland’s economic problems will arise....
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- Spring '08
- Economics, Republic of Ireland, Irish people, James Andreoli Buad