A Once In A Lifetime Recession
Viral is a podcast series looking at the spread of COVID - 19, as it continues to affect Ireland and the International World in a growing capacity. Episode 19 of Viral: COVID - 19 looks at the future of Ireland’s economy, as the world prepares for its worst global recession in nearly a century. On Tuesday afternoon, Paschal Donohoe laid out the government’s Stability Programme Update, setting its economic forecast for the year ahead. The predictions made were shocking and difficult to believe. A forecast of 22% unemployment for the year, paired with a 10.5% economy shrink would have bee truly unimaginable in the weeks preceding the Coronavirus crisis, as Ireland’s workforce was at full employment - its strongest position in over a decade. Senan Moloney was covering this story for The Times Ireland Edition, and spoke to Ian Doyle about what it could mean for the state in the years to come. Produced by UrbanMedia Hosted by Ian Doyle Music by Psykick See acast.com/privacy for privacy and opt-out information.
