The Irish economy could shrink by up to 13% this year because of the coronavirus emergency.
That’s according to the worst case scenario by financial advisory firm EY, which says it could contract by 7 per cent if things improve quickly.
Chief Economist with EY, Neil Gibson, says they’ve come up with two scenarios.
"In our more severe scenario we have GDP contracting by as much as 13% in the year.
"I think we're all hoping that we'll be at least or better even than our base out line in tat the economy would contract by 7%
"We might have job losses of 180,000 over the course of the year."
