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.
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