A look at the eurozone’s fastest growing economy

Global Business

The Greek economy began this year with modest prospects, but now is forecast to see zero growth given its loan obligations. Ireland meanwhile is the fastest growing economy in the eurozone, expanding nearly 5 percent this year.
At 25 percent, Greece has the highest unemployment rate in the eurozone. Ireland’s growth is high, but at just under 10 percent, it’s recovering well. If it stays on course, Ireland will have just under a $2 billion surplus in 2016. CCTV America’s Owen Fairclough spoke to Irish economist Fergal O’Brien for more.

Fergal O\'Brien on the Irish economy

Fergal O\'Brien on the Irish economy

The Greek economy started the year with modest prospects but is now forecast to see zero growth, given its financing needs. Ireland meanwhile is the fastest growing economy in the eurozone-- expanding nearly five per cent this year. At 25 percent, Greece has the highest unemployment rate in the eurozone. Ireland's is high but at just under 10 percent it's recovering well. If it stays on course, Ireland will have just under $2 billion surplus in 2016. CCTV America's Owen Fairclough spoke to Irish economist Fergal O'Brien.