KPMG has released its Economic Insights publication, the firm’s first Thought Leadership piece on the Irish economy as the recovery from the crisis brought on by COVID-19 begins.
The publication analyses the country’s core economic dynamics, focusing on the various components of economic output and the key stakeholders who play a part in enabling our collective prosperity.
Economic Insights highlights that, while there are clear challenges both domestically and internationally, the country’s economic and social foundations are robust, and some of our key sectors – Agri-food, ICT, Life Sciences and MedTech – will experience increased demand in 2020 and beyond.
For policymakers there will be difficult choices, but positivity around R&D, the Green Economy, and Industry 4.0 can be built upon. The recent agreement on a Draft Programme for Government sets out a framework for recovery, while pan-European recovery programmes offer a chance to focus investment on impacted regions and support for sectors that are most significantly impacted.