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Donohoe issues a 'sobering' warning over years of high unemployment

Minister says crisis comparable to 1980s recession

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Finance Minister Paschal Donohoe. Photo: Gareth Chaney/Collins

Finance Minister Paschal Donohoe. Photo: Gareth Chaney/Collins

Finance Minister Paschal Donohoe. Photo: Gareth Chaney/Collins

Finance Minister Paschal Donohoe has warned there is a risk that unemployment will remain persistently high for years to come as the next government scrambles to restore the economy.

At a briefing for parties involved in government formation talks, Mr Donohoe said the country is facing into an economic crisis which is more comparable to the 1980s recession than the financial crash.


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