Covid and Brexit accentuating two-speed recovery, says Ibec

Ibec sees a widening gap between those sectors of the economy coping with the crisis and those struggling to recover.

Ibec has warned the gap between those companies and households who are coping with the Covid crisis and those who are struggling because of it is growing, with Ireland experiencing a so-called ‘K-shaped’ recovery.

The business representative group said some sectors are trading “robustly” through the current uncertainty, whilst others face “a hugely challenging outlook” as income and opportunities thin out.