Following the banking crisis that began in 2007, the unemployment rate in Ireland, which had been less than 5%, increased above 10%.

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Quizplus · Accepted Answer

This statement is true. The financial crisis that began in 2007 had severe consequences for Ireland, and the unemployment rate increased significantly. By 2012, the unemployment rate had reached a peak of 15.1%. It has since improved, but as of August 2021, the unemployment rate in Ireland was still at 6.2%.

Following the Banking Crisis That Began in 2007, the Unemployment