Measuring the Economic Impact of Covid-19 in Real Time
Citation:
Lydon, Reamonn. 'Measuring the Economic Impact of Covid-19 in Real Time'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland, Vol.49, 2019-20, pp136-143Download Item:
Abstract:
COVID-19 pandemic is a one-in-a-hundred year event. The economic consequences are unlike anything we have seen in modern times, in terms of scale, speed and depth of the shock. Restrictions to prevent the spread of the virus, saw many sectors closed for extended periods since March 2020. Firms and workers providing face-to-face services such as non-essential retail, accommodation and food services, travel and tourism and, at various times, construction have been hit particularly hard. Private consumption in 2020 fell by 9 per cent compared to 2019, with modified domestic demand down by 5.4 per cent (CSO, 2021). At the peak, in early May 2020, over 1.2 million people were supported by the State for their incomes, almost half the labour force. In March 2021 that number is stands at 953,000.
Description:
read before the Society, 21st May 2020 - SSISI Public Policy Brief: Understanding the Covid19 Pandemic and its Consequences
Author: Lydon, Reamonn
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal ArticleCollections
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Full text availableKeywords:
Consumption, Credit, Vacancies, EmploymentISSN:
00814776Metadata
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