OECD report says impact of Covid-19 in the West 'will be least severe in Ireland'

The estimated decline in the level of output is equivalent to a decline in annual GDP growth of up to 2 percentage points for each month that strict containment measures continue.

The impact of the lockdown caused by Covid-19 in Ireland will be less severe than in any other OECD country, the organisation has found.

In a new report 'Evaluating the initial impact of Covid-19 containment measures on economic activity', the OECD has sought to examine the impact of partial or total shutdowns across the western world.