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The Irish economy is predicted to crash this year. It’s set to contract by 9.2%. To put this into perspective, the growth rates during the years of the Celtic Tiger were about 6%. So these figures are the equivalent of turning the clock back economically by almost two years. The Economic and Social Research Unit are predicting unemployment will spiral to 17% next year. 300,000 jobs will disappear and living standards will fall to 15% lower than in 2007.