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Answer:
Ireland is known as 'The Celtic Tiger'. The period between 1995–2007 witnessed rapid economic growth of it's economy. It was because of this economic boom that Ireland was popularly known as 'The Celtic Tiger'. Ireland was freely lending money to Irish property developers and in 2008, the global economy crashed. House rates plummeted and property developers were unable to pay back their loan. It's arising consequences led to budget deficit and the country was no longer prosperous, thus making it lose the title 'The Celtic Tiger' by 2008.
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