It’s hard to believe it’s just a few years since countries like Ireland and Spain had to go cap-in-hand to international lenders – at least if you look at their bond yields.
Ireland’s 10-year bond yield, usually reflective of a country’s economic performance, hit a record low of 1.477 percent Monday, while Spanish 10-year bond yields fell below 2 percent for the first time ever.
Ireland is expected to have one of the strongest economic rebounds in the euro zone, with 3.7 percent growth in gross domestic product (GDP) this year, according to Deutsche Bank forecasts. Yet it is also facing plenty of headwinds.
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