| 16.9°C Dublin

Close

Premium


The figures don't lie - and a deep recession after this pandemic looks inevitable

James Treacy


SATURDAY INSIGHT

Close

Resolve: A woman runs past a mural in Dublin city centre at the height of the Covid lockdown
Photo: Brian Lawless / PA Wire

Resolve: A woman runs past a mural in Dublin city centre at the height of the Covid lockdown Photo: Brian Lawless / PA Wire

Resolve: A woman runs past a mural in Dublin city centre at the height of the Covid lockdown Photo: Brian Lawless / PA Wire

As we begin to exit the Covid lockdown, business activity has resumed in a completely different environment than before the pandemic.

I attended a virtual conference hosted by Bloomberg last week. One of the speakers was American economist Nouriel Roubini - nicknamed 'Dr Doom' - who was one of the few economists to predict the housing bubble of 2008 and the subsequent financial crash.

Professor Noubini's latest predictions are even 'doomier' post-Covid.