Antoinette Shields, a 55-year-old business lady from Ireland, affirm this as rather depress but quite true. Mrs. Shields, who once had around 26 people on the payrolls of her building company, now has just 8. And her plans to remain her son in her business appear to be falling to ground, admits Mrs. Shields.
In actual fact, a lot of young people are in search of immigrating to other nations from Ireland which is facing dangerous economic times. Favored destinations for immigration by Irish youth happen to be Australia, the UK, the US, New Zealand, Canada, Asia or even the Dubai, UAE and Middle East.
Many Irish people have previously moved abroad in search of improved living. Consistent with official sources, around 65,000 Irish youth have moved abroad from Ireland in the year 2009. And it’s quite probable that around 120,000 are expected to head overseas this year with no clear signs of coming back in the near future.
In accordance with an economist with Dublin’s Economic and Social Research Institute Edgar Morgenroth, it can show to be painful for the Irish who don’t desire to move out of Ireland.
Economy of Ireland turned down by 7.1 percent in the year 2009 and still is in slump. The government has previously raised the taxes and there has been a hack in the salaries for professors, nurses and other public officials by approximately 20 percent. And it’s been announced by the government for around $6 billion cut in the finances the next year.