Saturday June 6, 2020

Challenging times require critical thinking

As the economic figures get worse, efforts across the Irish business community are focusing on managing the crisis, writes Siobhán Maguire

26th April, 2020
Paschal Donohoe: economy has been ‘turned on its head’

Ireland’s economic landscape made for a grim picture last week, as the Department of Finance published the government’s Stability Programme Update 2020.

The figures speak for themselves, with Irish GDP expected to fall by 10.5 per cent this year, a current peak unemployment rate of 22 per cent, and forecasts of a government deficit of €23 billion.

Commenting on the figures, Minister for Finance Paschal Donohoe said the economy had been “turned on its...

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