Out of office: Your essential round-up of the latest business news
Most advanced economies will escape long-term economic damage as a result of the pandemic, the International Monetary Fund (IMF) said. Emerging economies, however, will find it trickier to manage the fallout from Covid-19. The IMF said its projections – which represent a notable improvement on earlier forecasts from January – show that “a way out of this health and economic crisis is increasingly visible”.
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Rising cost of construction materials to mean ‘some pain for everybody’ – Nama chief
McDonagh says spiralling construction prices a global issue and not just a problem for Ireland
Former McKinsey consultant argues that humans are instinctively good in new book
Éamonn Toland writes that scientific evidence suggests humanity’s ‘default position is to be kind’
Statutory sick pay changes to cost employers up to €1,100 more a year for each worker
The new scheme will begin on January 1 next year, with workers initially being entitled to three days of paid sick leave a year and then increasing to ten days of paid sick leave by 2025.