Dublin is booming at the moment. Over the last 2o years or so that I’ve lived in Ireland, I’ve noticed a genuine boom-bust flow to the economy here, which makes it very difficult to plan for the long term, as any government will tell you.

In the mid-to-late 90’s the tech industry in Ireland exploded. By the end of 2001, and the introduction of the Euro at the beginning of 2o02, the dot com bubble had burst and the country was in recession. By the mid-noughties, it was flying again. Then came the tumultuous global meltdown of September 2008 and we were all sent to the brink, our pension funds destroyed. Construction, which had formed 25% of GDP, stopped overnight.

Dublin rebounded more quickly than the provinces, and now it’s booming again. I was waiting for a meeting to start on the 3rd floor of an office on the north quays recently, overlooking the river Liffey and the south side. Out of this narrow window I could see 9 cranes. 9 cranes within my view is a sure indication of a booming city economy.

I wish some of this productivity and boomingness was a bit more equally divided across the country, which is not doing anywhere near as well as the capital. Dublin is full. It’s roads are full, its hotels are full, it’s hard to get around. Not so in the provinces. The prosperity, tech hubs and inward investments are starting to flow to the regions, slowly but surely.

But, for now, Dublin is top dog. It’s booming, at least until the next bust…

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