Saturday August 15, 2020

Brian Keegan: Reports of the economy’s death are greatly exaggerated

Tax receipts have fallen by far less than expected, and some sectors are relatively unscathed as Covid-19 causes a very strange recession

7th June, 2020
Covid-19 has caused a very strange recession. Picture: PA

A total of €8 million is a very large, but not incomprehensible, amount of money. It's the kind of amount a lucky person could win in the national lottery. It's also the amount by which the tax receipts up to the end of May of this year fell in comparison with last year. In the context of a €21.7 billion tax take in the first five months of the year, tax receipts haven’t fallen at...

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