From Adam Tooze Chartbook, April 15, 2022
“The Irish economy during the century after partition”
Cormac Ó Gráda,Kevin Hjortshøj O'Rourke Economic History Review May 2022
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Ireland, which had not been particularly rich to begin with, had fallen significantly further behind other western European economies by 1958, being overtaken by Finland and Italy. The mid-1950s represented a nadir for the Irish economy, a period when observers from near and far were questioning its future viability. A key public policy document of the time noted that ‘a sense of anxiety’ about Ireland's economic prospects was indeed justified, and that ‘after 35 years of native government people are asking whether we can achieve an acceptable degree of economic progress’.16 The Irish economy's relative position had barely improved by the mid-1980s (column 3), implying only very mild convergence since the 1950s. Greek and Spanish incomes had by this stage also caught up with Irish ones. However, by 2018 the doleful picture painted by Lee had been reversed … household consumption per head in Ireland being more or less on a par with that in Germany,
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