Leo Varadkar crisis: Ireland faces recession and unemployment as economic disaster looms

Leo Varadkar crisis: Ireland faces recession and unemployment as economic disaster looms

Daily Express - World·2020-04-23 11:01

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Ireland’s economy is forecast to shrink by more than 10 percent this year and unemployment will jump to 22 percent by June. Finance minister Paschal Donohue said he expected GDP to contract by 10.5 percent in 2020 after the government locked down large parts of the economy to curb the spread of COVID-19. Dublin has also been forced to deal with 584,000 people being signed up to special welfare payments after losing their jobs during the lockdown in just five weeks.

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