Europe did not dodge the bullet, just look at Ireland 10 year government bond yield. It made a new 52 weeks high of 7.07% . Market sending a clear signal to Ireland's president Mary McAleese, that we do not trust your economics policies. Ireland economy is too small to cause a systematic risk but due to extreme overbought stock market condition the Wall Street could use anything as an excuse to sell.
Ireland Economy:
GDP (purchasing power parity):
$172.5 billion (2009 est.)
country comparison to the world: 57
$186.7 billion (2008 est.)
$193.4 billion (2007 est.)
note: data are in 2009 US dollars
GDP (official exchange rate):
$227.8 billion (2009 est.)
GDP - real growth rate:
-7.6% (2009 est.)
country comparison to the world: 204
-3.5% (2008 est.)
5.6% (2007 est.)
GDP - per capita (PPP):
$41,000 (2009 est.)
country comparison to the world: 18
$44,900 (2008 est.)
$47,100 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 5%
industry: 46%
services: 49% (2002 est.)
Labor force:
2.187 million (2009 est.)
country comparison to the world: 116
Labor force - by occupation:
agriculture: 6%
industry: 27%
services: 67% (2006 est.)
Unemployment rate:
11.8% (2009 est.)
country comparison to the world: 132
6.3% (2008 est.)
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