Ireland has also experienced one of the greatest falls in real GDP and one of the slowest recoveries. It is interesting to note the difference in the time frame for recovery between house prices and GDP. While GDP in this sample of countries typically recovered to peak levels within 6 years, the recovery in house prices was much delayed.
This perception was exacerbated by the global financial crisis which, like many large crises, affected the poorest in society the worst. The power of inequality and perceived economic injustice as contributing factors towards political outcomes is being demonstrated in advanced and emerging  1 World Bank. 2018.