Jobless rate unlikely to return to pre-Covid levels until late 2023 – report

The Economic and Social Research Institute forecasts the Irish economy will recover ‘quite strongly’ from coronavirus restrictions (PA)

The Irish economy is to recover “quite strongly” from coronavirus restrictions but unemployment is unlikely to return to pre-pandemic levels until 2023 at the earliest, a report has found.

The Economic and Social Research Institute (ESRI) said that in light of the current Level 5 restrictions, it has revised down its 2021 forecasts from last year’s winter commentary.