Recently, Ireland’s economic activities have been described by the phrase “The Irish Miracle.”
Answer: Option C
Explanation:
The Irish Economic Miracle is known as the Boom or the Celtic Tiger. Celtic Tiger is a term that mentions the period between the mid 90s and late 2000s. In that period Ireland achieved rapid economic growth.
Before this period Ireland was economically poor with huge poverty, low growth, and unemployment. The constant rise in the economy for seven years made Ireland one of the wealthiest Western Europe countries. Mainly, unemployment got decreased from nearly 18% to 4% during that period. They reduced the corporate taxes and traded with European Union.
Also, they allowed high profile industries and worked with America for low wages in night shifts. That drawn America's attention to Ireland since the English speaking workers were increased at the time.
