The Fastest Growing Economy in Europe

I don’t necessarily recommend just packing up and bailing out of your own home country, but for some it is not an option.  Sometimes things just happen and you need to move along.  So if you are country shopping you might find it interesting that Ireland has the fastest growing economy in Europe.  Last year Ireland’s economy grew 7.8% which is greater than China and the US. ireland

The factors that caused this are mostly sound common sense principals but the two that I find most notable are #1: Ireland has a low corporate tax rate (12.5%) that is dwarfed by the Unites States 39% corporate tax rate (This is what attracts business). #2:  Ireland is prosecuting the bankers that crashed their economy in 2008.  Ireland recently extradited David Drumm, former chief executive of Irish Anglo Bank, back from his hide out in Boston Massachusetts on 33 charges, including forgery and fraud. (This restores public trust)

Now, how does this help you?  Keep your eye on Ireland.  If they continue to grow I will recommend them as a place to expatriate to.  My only word of warning is that unemployment in Ireland is still at 8.6% so don’t expect to hop off a boat and be flooded with job opportunities.   However, this is a European country and if you land a job it will pay way better than a job in most Latin American or African countries.  It is important when planning a move to consider how easily you can get work as an immigrant as well as what it will pay and how you will be treated.  At this time, for those very reasons, I have Ireland on my watch list and you should too.

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