Expert warns Ireland is headed for a ‘K-shaped recovery’
Ibec’s chief economist says an ‘asymmetric shock’ will lead to profound inequality, with certain sectors ruined while others profit from the crisis
Early economic indicators suggest that Ireland is undergoing a “K-shaped recovery”, a leading economist has said.
Gerard Brady, chief economist with Ibec, said the ramifications of such an outcome could result in deep inequality in the country for years to come.
A K-shared recovery involves some segments of the economy recovering quickly, even profiting due to the effects of the pandemic, while others continue to decline.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Have health authorities dropped the ball on airborne transmission of Covid-19?
Many scientists believe indoor aerosol transmission may explain why so many people picked up the virus over the Christmas period, so why is there so little focus on the importance of ventilation?
Aer Lingus urged government to oppose travel quarantine rules
Correspondence shows the airline pushed for use of Covid-19 tests instead, citing damage to sector
Critical care at capacity as Martin warns restrictions to last months
Vaccination rollout suffers ‘real’ setback due to AstraZeneca production issues whilst schools look set to remain shut for weeks as talks to continue on students with special needs