Category: recovery

In the ‘deal before dawn’ to secure a multi-billion euro Covid-19 recovery package and a €1.8 trillion budget package to see the EU through the next seven years, how did Ireland play its hand? Our reporter Eleanor Burnhill has been looking at Ireland’s potential gains and losses. Heading into his first EU summit, Taoiseach Micheál Martin indicated that Ireland would […]

Taoiseach Micheál Martin has said Ireland will make their own contribution to the “own resources” aspects of the €750 billion Covid-19 recovery fund. Speaking in Brussels ahead of an EU summit, Mr Martin said Europe needs to give far more detailed consideration to other “own resources” proposals, including for example a digital tax. “The full implications […]

Over 65% of global firms expect Covid-19 to have a negative impact on revenues in 2020, according to the Grant Thornton International Business Report, which provides insight into the views and expectations of more than 10,000 businesses across 29 economies. It reveals that 40% of businesses anticipate a decline of less than 20% in revenues, […]

France and Germany have agreed to propose creating a €500 billion Recovery Fund that would offer grants to European member states and regions hit hardest by the coronavirus crisis. In what French President Emmanuel Macron said was a “major step forward”, the two countries said they were also proposing to allow the European Commission to […]

Worsening consumer sentiment erases March recovery Consumer sentiment soured in April, weighed down by an uncertain economic outlook and related worries about household incomes, a new survey shows today. The KBC Bank/ESRI consumer sentiment index fell to 87.7 in April from 93.1 in March, largely erasing a partial recovery from February’s 51-month low of 86.5. […]