Ireland’s economy could take up to 3½ years to return to the levels of activity seen before the coronavirus pandemic, the Oireachtas committee examining the State’s response to Covid-19 has heard. “As the economy exits lockdown, a sizeable stimulus would help the recovery,” he said. The scenarios imply it would take two to 3½ years to return to pre-crisis levels of activity. By contrast, the Irish economy took 11 years to recover after the financial crisis,” he said. He added that the transition to the low carbon economy “could create activity in the economy which will create employment and tax revenues”.

Source: The Irish Times June 16, 2020 11:36 UTC