Celtic Tiger

The "Celtic Tiger" refers to a period of rapid economic growth in Ireland from the mid-1990s to the late 2000s. During this time, the country transformed from an economically struggling nation into one of Europe’s fastest-growing economies, driven by factors like foreign investment, technological advancements, and strong exports. Improvements in infrastructure and education also played crucial roles. However, this growth led to challenges, including rising property prices and eventually, in 2008, a financial crisis that significantly impacted the Irish economy. The term encapsulates both the successes and the vulnerabilities of this transformative era.