the economy of Ireland from the coronavirus is not less than 12 percent of GDP, writes the Irish Times, citing a report of the Dublin Institute for social and economic research (ESRI).
As the newspaper notes, this is a record figure since the country gained independence from Britain in 1922.
There are even more pessimistic scenario, said ESRI. The country is not immune from the second wave of the pandemic and the new quarantine. This means that the economy is more “cringe” – to 17 percent.
According to one of the study’s authors, Professor Kirianna Macquinn, under the circumstances, the government should primarily focus on social support of the population, as well as creating incentives for the revitalization of business activity.
of sustainable recovery has yet to be achieved – the final recovery of the economy experts are not expected before the first quarter of 2022.
