Cliff Taylor: Coronavirus means Ireland's economic outlook hangs in the balance

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 98%

Health Health Headlines News

Health Health Latest News,Health Health Headlines

The coronavirus outbreak means Ireland's economic outlook hangs in the balance, writes CliffTaylorIT

The coronavirus is another example of how an external shock can threaten Ireland quickly when others – such as Brexit – are also in the air

But there is a second leg to the economic threat – the impact on demand – spending by Irish consumers and those who buy our exports. Here, the travel sector and hotels will already be seeing bookings collapse from both consumers and businesses. Tourism, one of our big domestic employers. may be exposed here, though more “staycations” might help a bit. But beyond that there is clearly a wider risk to demand as confidence and incomes are hit across the world.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MaryOGrady8 CliffTaylorIT Shock horror....over paid bought and paid for 'journalists' spouting more propaganda.

CliffTaylorIT The Shinners will save us with their magic money tree!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in HEALTH

Health Health Latest News, Health Health Headlines