ESRI: How household bills tell a story of the crisis

L - R: Kieran McQuinn, Ciara Morley, David Byrne and David Duffy in the ESRI, Whitaker Square, Sir John Rogerson's Quay, Dublin 2 Photograph: Sasko Lazarov/Photocall Ireland

Ireland will slide into a recession this year as large parts of the economy that depend on people spending money in the now-shuttered shops dries up, with thousands out of work and the incomes of many others falling, the Economic and Social Research Institute (ESRI) predicts.

In a detailed analysis, the think tank estimates that the Irish household weekly spend of €837 will slump to €631 for each week of the duration of the 12 weeks of the lockdown and climb to €914 in the week after the lockdown is lifted.