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Celtic Tiger

The "Celtic Tiger" (Irish: An Tíogar Ceilteach) is a term referring to the economy of Ireland from the mid-1990s to the end of the first decade of the 21st century, a period of rapid real economic growth fuelled by foreign direct investment. The boom was dampened by a subsequent property bubble in 2007 which brought forth a severe economic downturn culminating in 2008's Great Recession.