EIRL is an ETF
tracking the top 99% of Irish shares. The Irish economy grew by around 6% in 2015. Its projected growth for 2014 is around 4%. This is based on an expectation that growth will slow as the economy approaches its capacity. At the end of 2015, however, it is apparent that many Irish workers who emigrated during the recent recession are returning home, boosting that capacity. As the Irish construction industry takes off again, tax figures prove surprisingly buoyant, Europe and America continue to improve, and both the Euro
and Energy prices stay relatively low, 4% is looking very conservative. The chart shows EIRL compared to Dow Industrials
. A dip late in 2014, following excessive exuberance in 2013
means that Ireland is good value now, and should beat the Dow in the coming months..