According to the
expert analysis The initial years of Ireland’s recovery rely greatly on net exports, but threats to global growth have escalated, especially in relation to the unresolved crisis in the euro area.
These "unresolved crises" include,
according to ECB president Draghi, an
unavoidable short-term contraction
The IMF recommend
a shift from low productivity sectors, such as construction, to high valued added export sectors.
and are not too happy with progress
room for further progress on improving competitiveness.
With no real confidence in the economy and no end in sight people are looking to export markets as a place to live and are
heading for the exit Ireland's central statistics office has projected that 50,000 people will have left the republic by the end of the year, many for Australia and the US.
This isn't a good thing as can be seen in Greece where the brain drain has become a torrent
In 2010, 1.21 million people emigrated, according to the World Bank, equalling 10.8% of the population. The top destinations were Germany, Australia, Canada, Albania, Turkey, UK, Cyprus, Israel and Belgium. Skilled Greeks are particularly likely to leave – in 2010, 4,886 physicians emigrated, meaning that Greece lost 9.4% of its doctors in just one year. Greece, like most other EU countries is still an attractive destination for poor immigrants – 1.3 million people arrived in 2011. But with the biggest number coming from poorer countries such as Albania, Bulgaria, Romania and Georgia, it is likely that the majority of new arrivals lack the skills to replace the emigrants.
