DUBLIN — Almost two months into Ireland’s third coronavirus lockdown, Prime Minister Micheál Martin said the country “is looking at a continuation of severe restrictions” until the end of April, despite case numbers plummeting since a January peak. Martin made the warning in a late-night Thursday interview with the Irish Mirror newspaper, in which he said extending the lockdown would be “worth it.” Mary Lou McDonald, leader of Sinn Féin, Ireland’s main opposition party, slammed Martin’s comments as “flippant.” Peadar Tóibīn, head the small opposition party Aontú, said the government’s proposed extension amounted to “policy failure.”
DUBLIN — Ireland’s goods exports were worth an unprecedented 160.8 billion euros (196 billion US dollars) last year, a new record underpinned by surging sales of medical and pharmaceutical products during the novel coronavirus pandemic. Estimates published by the Central Statistics Office (CSO) showed “medical and pharmaceutical products making up 39 per cent of 2020 goods exports, a value increase of 25 per cent on 2019.” Exports to the 26 other member states of the European Union accounted for 40 per cent the 2020 total, the CSO said, an increase of 13 per cent on 2019. Belgium and Germany were Ireland’s two biggest markets in the EU. Exports to Britain, Ireland’s nearest neighbour, fell by 9 per cent during 2020 and made up 8 per cent of the year’s overall amount. After Britain left the EU in early 2020, an increasing proportion of Ireland’s exports to the continent ended up being shipped directly rather than transiting Britain, with ferry companies in some cases doubling cargo sailings from Ireland to France.
DUBLIN — Global trade shrank by 9 per cent in 2020 despite a late-year recovery in East Asia, according to estimates published on Wednesday by the United Nations Conference on Trade and Development (UNCTAD). The revival as “uneven,” with 8-per-cent fourth quarter growth in global merchandise or goods trade but stagnation in services, UNCTAD said.. While international commerce was “greatly affected” by “economic and social disruptions brought about by Covid-19,” East Asia registered “gains in global market share” after being able to “better weather the challenges of the pandemic,” according to the UN trade body.
DUBLIN — Ireland’s third lockdown has seen unemployment jump to 25 per cent in January, a 5.6 percentage point increase on December’s revised 19.4 per cent. The government’s Central Statistics Office (CSO) said on Wednesday that “the Covid-19 crisis has continued to have a significant impact on the labour market in Ireland.” A second pandemic-related lockdown ended in early December after six weeks, only for a third national lockdown to be enforced at the end of the month after virus case numbers rose again. Businesses that reopened during the brief inter-lockdown period, such as restaurants, were compelled to close again.
DUBLIN — Unemployment among the member countries of the Organisation for Economic Co-operation and Development (OECD) fell to 6.9 per cent in November, the group’s secretariat reported on Wednesday. That is down from 7.1 per cent the month before, but still 1.7 percentage points above pre-pandemic levels. Overall, 45.5 million people were listed as unemployed across the OECD’s 37 member states in November, 10.7 million more than in February, the last month before governments imposed widespread restrictions in response to the novel coronavirus pandemic. The OECD said that unemployment among the eurozone countries decreased slightly from October to November, from 8.4 to 8.3 per cent, after month-on-month joblessness fell in Finland, Italy, the Netherlands and Portugal, but increased in France, Ireland and Spain.
DUBLIN — Unemployment in Ireland stayed above 20 per cent in December, official statistics released on Wednesday show, as the country continues to reel from the economic impact of coronavirus-related restrictions. According to the Central Statistics Office (CSO), the December rate, adjusted to include those receiving pandemic-related unemployment payments, was 20.4 per cent, a slight improvement on November’s 21 per cent. The CSO’s Catalina Gonzalez said “the Covid-19 crisis” is having “a significant impact on the labour market.” Around 7 per cent of “all persons” would be classed as jobless if pandemic-related layoffs, some of which could prove temporary, were omitted, according to the CSO. Irish revenue officials said on Wednesday that some of the hundreds of thousands of pandemic-related recipients will face tax bills for the payments, one day after the Department of Finance projected a 19-billion-euros budget deficit for 2020. In April, during Ireland’s first lockdown, the pandemic-adjusted unemployment rate shot up to a record 28.2 per cent. January unemployment numbers will likely increase after Ireland announced another national lockdown shortly before Christmas, with people told to remain within 5 kilometers of their homes and many businesses forced to close for a third time since the pandemic started. Ireland’s second lockdown ran for six weeks until early December.
DUBLIN — International arrivals have likely dropped by over 70 per cent in 2020 due to pandemic-related restrictions, taking overall tourism and travel numbers back to 1990 levels. The United Nations’ World Tourism Organization (UNWTO) said on Thursday that it “expects international arrivals to decline by 70% to 75% for the whole of 2020,” after the January-October period showed “900 million fewer international tourists when compared with the same period of 2019.” Such an outcome would mean that “global tourism will have returned to levels of 30 years ago,” according to the UNWTO, when the world’s population was over 2 billion less than it is now. The travel collapse could mean “a loss of some 1.1 trillion dollars in international tourism receipts,” according to the UNWTO.
DUBLIN — Ireland’s gross domestic product (GDP) grew 11.1 per cent during the third quarter, according to official estimates published Friday, suggesting the country’s economy saw some temporary respite between two separate lockdown periods. Jennifer Banim of the Central Statistics Office (CSO) said the “easing of Covid-19 related restrictions led to growth across almost all sectors of the economy in quarter 3.” The CSO data show Ireland’s economy rebounding after GDP contracted by around 6 per cent during the second quarter, which coincided with the country’s first coronavirus lockdown. Restaurants and pubs that serve meals reopened on Friday, after the end of a six-week second lockdown. Non-essential retail reopened earlier this week. Ireland’s daily coronavirus case numbers, which topped the 1,200-mark in October, had dropped to below 200 by Thursday. The second pandemic wave was far less deadly than the first, according to official data released Friday. The average mortality rate in November was eight people per 1,000 confirmed cases, down from a peak of 74 per 1,000 in April, the CSO reported. Hospitalisations were 58 per 1000 cases in November, down from 192 in March.
DUBLIN — US health information and clinical research company IQVIA plans to appoint 170 people in Ireland to work on “ensuring vaccines administrated post authorization are safe for the public,” according to state investment agency IDA Ireland. Barry Mulchrone, IQVIA Ireland’s head of pharmacovigilance oversight and analytics, said the company is “proud to play a role in the humanitarian effort to ensure the safety profile of vaccines used for Covid-19 are monitored to the highest international standards.” Ireland’s Deputy Prime Minister (Tánaiste) Leo Varadkar welcomed the IQVIA recruitment announcement, citing “positive indications recently regarding the potential for a Covid-19 vaccine.”
DUBLIN — Ireland’s banks have been flooded with record savings in 2020 after government restrictions forced many pubs, retailers and restaurants to close for months due to the coronavirus pandemic. The Central Bank of Ireland announced on Monday that household bank deposits in October hit “the highest on record,” reaching 123 billion euros (147 billion dollars). Some of those savings are unlikely to last, with Retail Ireland, an industry body, on Monday predicting an extra 1.2 billion euros would be spent over Christmas. Many retailers will reopen on Tuesday as Ireland’s second coronavirus lockdown ends after six weeks. Retail Ireland said earlier this month that “footfall in Irish retail has fallen more than anywhere else in Europe.”