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The UK is streets ahead of Ireland in its economic response to Covid crisis

David Chance


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In focus: The UK’s Chancellor of the Exchequer, Rishi Sunak. Photo: Bloomberg

In focus: The UK’s Chancellor of the Exchequer, Rishi Sunak. Photo: Bloomberg

Bloomberg

In focus: The UK’s Chancellor of the Exchequer, Rishi Sunak. Photo: Bloomberg

The UK has a terrible pandemic in terms of health outcomes with 290,000 confirmed cases and more 44,000 deaths. By contrast, Ireland has performed relatively well.

However, when it comes to the economic response, the UK is streets ahead, and for Ireland the risks from the pandemic are far greater than in the financial crisis when the State's economic model of openness to globalisation reaped huge dividends in terms of growth and job creation.

Despite a post-crisis recovery that has seen economic growth here beat levels seen in the rest of the European Union, the labour market here had some major weaknesses even before the pandemic hit, and they could make a recovery to full employment very hard.