Davy says Ireland was never a wealthy country; High income in 2000-2008 largely wasted
Feb 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Davy says one of the great misconceptions about Ireland is that it is a wealthy country. The broker says Ireland relentlessly climbed the income per capita table year after year from 1994 on, but it has slipped back below mid-division in the euro area following a savage recession. Yet it was never wealthy: those years of high income were largely wasted.