Market comment

Political pressure to provide further business supports


Ireland’s direct COVID-19 fiscal support at €6.7bn (2% of GDP) has been similar to other European countries, providing wage subsidies and flexibility to business in paying debts, tax and rates. However, media reports suggest that measures are now being considered to help lending to Irish SMEs. On Friday (April 3rd), the Irish Business and Employers Confederation (IBEC) warned that a spike in liquidations could occur due to pressures on cash flow, requiring a package of credit guarantees and zero per cent loans to business.

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Apr 6 2020, 08:45 IST/BST