Definition of Celtic tiger:
The person credited with coining the name Celtic Tiger is Kevin Gardiner, in a 1994 investment report for Morgan Stanley about Ireland’s economy. The period of the Celtic Tiger has also been referred to as The Boom or Ireland’s Economic Miracle.
The Irish economy, or Ireland itself, as regarded during the period of rapid economic growth that characterized the 1990s and early 21st century.
A term given to Ireland in the 1990s during an average economic growth rate of 6.5 percent. The first boom ended when the Internet bubble burst in 2001. A second boom in Ireland in 2004 is referred to as the Celtic Tiger 2. This ended in 2008.
Celtic Tiger is a nickname for Ireland during its boom years between 1995 and circa 2007 when its economy was growing rapidly. The gross domestic product (GDP) averaged 9.4% annually through 2000 and about 6% a year for the remainder of the period. .
How to use Celtic tiger in a sentence?
- Inflated remuneration packages once associated with sales roles in high-tech companies seem to have gone into hibernation along with the Celtic Tiger.
Meaning of Celtic tiger & Celtic tiger Definition