Irish Economics Podcast
#15: COVID-19 & Irish Industry - Gerard Brady (IBEC Chief Economist)
We continue the COVID-19 theme this week. Having explored the impacts from various academic angles we now explore the impact from an industry perspective. This is important insight as we have heard a lot of numbers over the last few weeks but less attention has been paid on discussing the problems driving these figures.
Gerard Brady, chief economist with IBEC, explains how the crisis manifests itself at the industry level and outlines some of the policy levers that would help most from their perspective. Among the measures discussed, Gerard emphasizes the importance of liquidity supports to keep otherwise good businesses afloat so that the economy is ready to go once restrictions are lifted.
It's a really interesting chat and a little bit eye-opening to hear the extent and depth of the impact.
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