Covid costs fallout will be long-term, warns all-Ireland report   

An almost empty Patrick's St in Cork due to ongoing Covid-19 restrictions. Picture: Larry Cummins

The fallout from the Covid-19 crisis will be long-lasting in terms of unemployment and other social costs, despite a strong economic rebound, an all-Ireland report from EY has warned. 

The accountancy group said pent-up savings will help drive economic recovery in the Republic and the North and as in past crises that the rebound in terms of GDP will be strong.