Sunday May 31, 2020

Ian Guider: Government must act swiftly to save the economy

The Stability Programme Update paints a grim picture of the economy and, while resources are limited, failing to act now to save jobs could prove even more costly in the long term

Ian Guider

Markets Editor

26th April, 2020
The economic picture it paints is shocking, with numbers far worse than anything experienced even after the 2008 financial crisis

There is something of a cruel irony in calling the economic outlook published by the Department of Finance last week the Stability Programme Update when the Irish and global economies are in such a state of flux. The name of the document is set down by the European Union, and it is something all member states must publish this time of year to meet treaty obligations.

The 2020 version is anything but pleasant reading. The...

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