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Quarterly Economic Commentary, Autumn 2020. ESRI Forecasting Series October 2020.

McQuinn, Kieran and O'Toole, Conor and Allen-Coghlan, Matthew and Coffey, Cathal (2020) Quarterly Economic Commentary, Autumn 2020. ESRI Forecasting Series October 2020. UNSPECIFIED.

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    Abstract

    This Commentary highlights the major disparity in the impact of COVID-19 on the Irish economy. Many sectors of the domestic economy have been severely affected with widescale job losses in areas such as accommodation, food, arts and entertainment. The unemployment rate stood at 14.7 per cent in September which is much higher than the pre-pandemic level. Household spending and modified investment declined by 22 and 24 per cent respectively in the second quarter. On the other hand, exports have held up very well driven by the strong performance of medicinal and pharmaceutical products and computer services.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > public health policy (including global activities)
    Countries > Ireland
    EU policies and themes > Policies & related activities > economic and financial affairs
    EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Quarterly Economic Commentary
    Depositing User: Daniel Pennell
    Official EU Document: No
    Language: English
    Date Deposited: 24 Aug 2021 12:04
    Number of Pages: 155
    Last Modified: 24 Aug 2021 12:04
    URI: http://aei.pitt.edu/id/eprint/103537

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