Sunday May 31, 2020

Makhlouf warns of severe shock to economy from Covid fallout

The Central Bank governor also said he expected insurance companies to give claimants the benefit of the doubt

Ian Guider

Markets Editor

12th April, 2020
Maklouf said the government's efforts to keep the economy afloat through the wage subsidy scheme and extra payments for the unemployed were welcome

Not all the jobs lost from the impact of the Covid-19 crisis will be recovered, and the shock to the Irish economy will be more severe than anticipated, the governor of the Central Bank has warned.

In an interview with the Business Post, Gabriel Makhlouf has said the economic recovery will be gradual and not all companies will survive.

“My own view has been for a while that we’re more likely to have...

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