"New lockdown could wipe over £2bn off our economy"

Press/Media: Expert Comment

Description

Belfast Telegraph article which relied heavily on my analysis- also cited in a similar front page article  in the same paper "Surgeries cancelled as hospitals on surge alert Staff freed after medics urge six-week lockdown that could cost NI economy £2.2bn

Subject

Potential economic cost (impact on GDP in worst case) of proposals for a six week lockdown simliar in intensity to that of March-June. Estimated as 3% per month, so 4.5% reduction in NI's GDP of about £45,000m implying c. £2250m worst cast.

Period13 Oct 2020

Media contributions

1

Media contributions

Keywords

  • Northern Ireland
  • Northern Ireland economy, political impact on economy, devolution, devolved policies, economic policy, economic growth, UK growth
  • Northern Ireland economy, UK economy, economic growth, productivity, GDP, GVA, economic growth
  • COVID response
  • COVID economic response