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Economic hit from Covid less than expected - Finance

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Minister for Finance Paschald gives a briefing on the economy, with the impact of Covid19 not now expected to be as severe as had been feared |

In a statement published this afternoon, the Department has forecast that the economy - as measured by GDP - will shrink by 2.5% this year.

However, the prospect of a no-trade deal Brexit has led to a forecast in GDP growth next year of 1.4%. That compares to an anticipated 6% bounce back in growth predicted in April. The revision upwards in GDP is explained by the continuing strong performance by the multinational exporting sector.

 

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Paschald Good job pasc

Paschald Some good news 👍

Paschald Thank God

Paschald Ah, shur that's grand so. Give yerselves an extra 2%. And a lollipop.

Paschald Hey Paschal, do me a favour and google MMT and get borrowing will you. We could totally greens the economy, build 100k houses and build a top class public transportation system at no cost to the tax payer. We have 0% interest rates. Follow the ECB's instructions and spend.

merrionstreet Everyone knows that the lad is clueless. FineGael COVID19

Paschald Well this just proves how bad he is at his job if he thinks the impact covid has on our economy is not severe. The country is on its knees and is racing towards the highest unemployment rate in our states history.

Paschald THIS GOVERNMENT MAKES ME LAUGH MANY TIMES IN THE DAY.

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