Ecconomic Impact Of Covid 19 For 2020 Expected To Be Less Severe Than First Predicted

The Department of Finance says GDP will likely fall by 2.5% in 2020 - compared to the last forecast of a 10% hit.

That's mainly due to a surge in exports from the pharmaceutical sector.

The unemployment rate is expected to be 16 per cent at the end of this year - falling to 10 per cent in 2021.