1st April 2020
Ireland and much of the rest of the world is facing into a major economic recession as a result of the coronavirus pandemic. The circumstances and causes of this recession are very different from those that caused the recession in 2008/2009, but there are still lessons that can and should be learned. One of those lessons relates to government’s fiscal response. Faced with a recession that will exceed any in living memory, government must act on a scale that exceeds anything implemented during the financial crisis of a decade ago.