Irish Examiner View: Economic hit

THE Organisation for Economic Co-operation and Development (OECD) has confirmed that Ireland faces an economic double-whammy from Covid-19 and Brexit.

In its latest economic outlook, the organisation said that GDP here will fall by 6.8% in 2020 and then recover by 4.8% in 2021. There could even be a third whammy because the OECD estimates that if a second wave of contagion hits this year, the Irish economy could contract by 8.7% with almost no recovery in 2021.