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Definition of 'Celtic Tiger'
A nickname for Ireland during its boom years of the late 1990s, when it enjoyed an average annual growth rate of over 6.5%. The first boom was in the late 1990s when investors (many of them tech firms) poured in, drawn by the country's favorable tax rates - some as much as 20-50% lower than the rest of Europe. It ended with the bursting of the internet bubble in 2001.
The second boom in 2004 was largely the result of Ireland opening its doors to workers from new EU member nations. Increases in house prices, continued investment by multinationals, growth in jobs and tourism, a resurgence of the IT industry and the U.S. economic recovery have all been cited as contributing factors for the revival.
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Investopedia explains 'Celtic Tiger'
The term is a variation on "Asian Tiger" - a reference to Asia's economic growth. Since 2004, many economists have referred to Ireland's economy as Celtic Tiger 2 because of the country's resurgence on the world stage.
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Search results for 'Celtic Tiger'
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http://stocks.investopedia.com/stock-analysis/2011/Irish-Stocks-Present-Possible-Value-Play-EIRL-IRL-ICLR-WCRX0309.aspx
... One such PIIG nation, may just be transformed back into the "Celtic Tiger" it once
was. Here we take a look at investment opportunities in Ireland. ...
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http://financialedge.investopedia.com/financial-edge/1210/The-Story-Behind-The-Irish-Meltdown.aspx
... same. For now, the country once known as the Celtic Tiger is facing hard
times once again and prosperity seems a long way away. (For ...
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http://stocks.investopedia.com/stock-analysis/2010/Allied-Irish-Banks-Tries-To-Avoid-Trouble-AIB-STD-MTB-USB-PNC-WFC-BAC0914.aspx
... Know. A Housing Bubble Taken to "11" Once called the "Celtic tiger", Ireland
hit the rocks harder than most other Western economies. ...
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http://stocks.investopedia.com/stock-analysis/2009/Irish-Eyes-Arent-Smiling-AIB-IRE-BAC-C0117.aspx
... Once described as the "Celtic Tiger" for its remarkable record of economic growth
during the 1990s, Ireland today has entered an era of financial fear that, in ...
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http://www.investopedia.com/articles/economics/12/countries-in-piigs.asp
... Union. Ireland was dubbed the Celtic Tiger, as it was once considered an
economic anchor with Asian-like growth characteristics. ...
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