The Covid-19 pandemic is set to shrink the economy by as much as 7 per cent this year, leaving almost one in five workers unemployed and result in a budget deficit of almost €13 billion, the Economic and Social Research Institute has warned.
In the best-case scenario, the shock will last only a short period, the think-tank said in its latest report. If the pandemic does not abate, however, “the results will be even more adverse...
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