Analysis: new research looks at how social distancing and remote working will impact occupations, sectors and regions across Ireland By Frank Crowley and Justin Doran, UCC Economic armageddon has struck.
Since the Irish government took major steps to suppress the Covid-19 virus, the economy has fallen off a cliff. Over one million people are now fully or partly reliant on the state for income support in a country with two and half million in the labour force.
Economic forecasts counting the costs are changing weekly. The sudden collapse of labour supply and output means there is no previous economic crisis that compares with this one.