ESRI models potential hits to Irish economy from Covid-19 'quarantines'

The Economic and Social Research Institute (ESRI) is working on scenarios that take account of significant hits to the Irish economy should the coronavirus crisis lead to the Government imposing long periods of quarantine.

ESRI research professor Kieran McQuinn said though difficult to quantify the economic effects, “it will likely to be significant in the first quarter”, while lengthy quarantines of over five or six weeks would bite into consumption and hit economic activity over the year.