Why regaining pre-Covid levels of employment will be difficult to achieve

It remains to be seen what the scarring effect of the pandemic has been and what will be the lasting impact on enterprise and consumer behaviour

The unemployment impact was unevenly spread; some sectors are suffering greatly such as hospitality, restaurants, pubs and hotels. Picture: iStock

There are several indicators of national economic performance. Internationally, Gross Domestic Product (GDP) which measures national output is the most widely used performance indicator. 

Because of various multinational enterprises’ and globalisation issues, GDP is not a good measure of Irish macroeconomic performance.