Risk of another prolonged recession with a badly damaged labour market

Press/Media: Expert Comment

Description

Belfast Telegraph article

Subject

The likelihood the COVID-19 recession in NI will be prolonged and the following recovery rather weak, i.e. will be permanent damage. So, not an "optimistic" V-shaped scenario.

Period14 May 2020

Media contributions

1

Media contributions

Keywords

  • Northern Ireland economy, political impact on economy, devolution, devolved policies, economic policy, economic growth, UK growth
  • economic impact
  • recession
  • recovery
  • scarring
  • permanent output costs
  • labour market
  • economic inactivity