The State’s spending watchdog said gross domestic product (GDP) is likely to have fallen by 15% to 21%  in April, which it said was broadly in line with the contractions seen or predicted in other countries. Photograph: PA

The Irish economy may have contracted by as much as 21 per cent in April, according to the Irish Fiscal Advisory Council (Ifac). The monthly estimate(...)

The OECD noted that all countries have a ‘direct interest in eradicating the virus and rebuilding economic life throughout the world’.

Broader and stronger tax-and-spend measures will be needed to pursue economic recovery from the Covid-19 pandemic, the influential Organisation for Ec(...)

The ‘big danger’ for the pub industry when pubs eventually reopen is that people won’t return to pubs in the same numbers, Dublin publican Charlie Chawke said this week. Photograph: Paul Faith/AFP via Getty Images

Even if the coronavirus and lockdown are gone by June, the economy we know will not be waiting for us on the other side. Many commentators and mark(...)

Consumer spending could drop by a third in most countries because of the shutdowns, the OECD said.

The Irish economy will be the least impacted by the coronavirus pandemic, the Organisation for Economic Co-operation and Development (OECD) has said.(...)

A currency dealer   in Seoul, South Korea: stocks globally plunged the most since the height of the 2008 financial crisis on Monday as investors baulked at the rapid spread of  Covid-19.  Photograph: Kim Hong-Ji/Reuters

Pat McCann, who’s seen his share of hard times as a hotel industry veteran of five decades, has learned all too quickly how economic contagion from Co(...)

The impact of slowing global growth or a global recession on foot of the virus is likely to be a bigger negative for Ireland’s export-heavy economy

Might Brexit and the coronarvirus paradoxically help the Irish economy? After five years of supercharged growth the economy has run out of road. Cap(...)

A man wearing a  mask to protect against Covid-19  in  Tehran, Iran. The world is now a much more fractured place, and unified action in the face of  a global Covid-19 shock seems less likely. Photograph: AP Photo Vahid Salemi

What Brexit and the coronavirus have shown us is just how interconnected the global economy has become. We used to say “when America sneezes, the worl(...)

Ryanair says a significant number of passengers are not showing up for flights, particularly those to and from Italy.

Ryanair is cutting a quarter of flights to and from Italy for three weeks from the middle of this month as coronavirus hits bookings. The airline tol(...)

I don’t really appreciate those who glibly say the danger is being overstated; that cancelling the series of Ireland-Italy rugby games is a step too far. Photograph: Donall Farmer/PA Wire

Over-reaction. Panic. Scare-mongering. Chaos. And, of course, coronavirus. Words we are reading every day in print and online. Words we are hearing e(...)

Ibec  says  the number of people employed in the State has grown  25%   since 2013, and this  has placed significant pressure on public services and infrastructure, which have not kept pace.  Photograph:  Nick Bradshaw

The Government may be underestimating the potential loss to the Irish exchequer from global tax reform, employers’ group Ibec has warned. Minister f(...)

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