Donohoe: Level-5 'not as severe' to economy

CSO figures show that, in GDP terms, the economy grew by a near record 11.1% in the third quarter, compared to slumps of over 3% in the first and second quarters
Donohoe: Level-5 'not as severe' to economy

Finance minister Paschal Donohoe expects to see ā€œsignificant declinesā€ in the numbers of people receiving the pandemic unemployment payment in the coming weeks. Picture: Julien Behal

Finance Minister Paschal Donohoe is ā€œoptimisticā€ the recent Level-5 Covid-19 lockdown restrictions will have had a less damaging impact on the economy than the first lockdown earlier in the year.

He also said he expects to see ā€œsignificant declinesā€ in the numbers of people receiving the pandemic unemployment payment in the coming weeks.

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