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Economy will take two years to come back from coronavirus crash - Donohoe

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The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., sets out the Department of Finance’s macroeconomic and fiscal forecasts for the economy. Photo Leon Farrell/Photocall Ireland

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., sets out the Department of Finance’s macroeconomic and fiscal forecasts for the economy. Photo Leon Farrell/Photocall Ireland

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe T.D., sets out the Department of Finance’s macroeconomic and fiscal forecasts for the economy. Photo Leon Farrell/Photocall Ireland

The economy could bounce back from the massive shock caused by the coronavirus crisis in the space of two years - but it will depend on the success of efforts to combat the disease here and abroad.

The assessment of the prospects of Ireland recovering was made as Finance Minister Paschal Donohoe also set out in stark terms the damage it is set to wreak.


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