Is ireland at risk of becoming a third world country over the recession that we are in?

Question

Is ireland at risk of becoming a third world country over the recession that we are in?

Answer 1

Daft thing to say, of course not, Does that mean all the other countries are going to be a third world because of the worldwide recession?.

Answer 2

No, not at all.

Answer 3

a third world country?  that makes you sound so stupid...its FAR from a third world country....have you ever SEEN a photo of a third world country? google it!

Answer 4

No. We might have to tighten our belts a bit, but we'll be okay.  A few might have more difficulties than others, but most of us won't lose the roofs over our heads.

Answer 5

No becasue the Cold War ended years ago. The expression 1st, 2nd and 3rd Worlds referred to allies during this period.

1st World USA and her Allies

2nd World USSR and her Allies

3rd World States that remained neutral and did not choose sides. In this sense Ireland was a third world country.

The Question you are asking however is Irelands economy at risk in the long term.

First we are not in Recession and the ERSI should be more careful with what statements they make. The Irish Economy is due to have growth of 0.5% this year, and is suffering from a downturn (reduced growth) not a decline (negative growth).

Second the events that are pressing on the Irish economy are not local.  Housing downturns are occuring in many other European countries and the USA. Oil and commodity prices are universal. In terms of doom and gloom stories banks are not changing their lending rules they are just ensuring that such rules are applied correctly ( things were a bit loose globaly until recently).

Answer 6

No

Answer 7

Thats never gonna happen dude.

It may be a flashback into the 80's alright but it won't go that far.

Answer 8

Haha. Hardly!!!!

Answer 9

Good grief no, Ireland has a strong economy & a growing one but just like the rest of the world it is suffering the side effects of high gas prices, it will pass & Ireland will continue to grow.