Fionnán Sheahan compares current economic challenges to the Celtic Tiger crash, emphasizing that while a Trump slump is forthcoming, the Irish economy today has more resilience. The lessons learned from past financial crises have shaped stronger systems and responses, meaning that although difficulties lie ahead, the foundations are more stable compared to the previous era of uncertainty. This contrasts sharply with the chaos experienced during the late 2000s, marking today's challenges as a different beast altogether, albeit still daunting.
The aftermath of the Celtic Tiger crash left a scar in the nation’s psyche that is still felt today, but the current economic climate, while challenging, is markedly different.
While the country braces for a Trump slump, the economic landscape has changed; Ireland is not facing the same level of vulnerability it once did.
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