A worst-case scenario of no overseas visitors for the remainder of the year, in addition to a 20 per cent decline in domestic tourism, could lead to an overall loss to the economy of €2.3 billion, it said.
Beef farming is projected to be the worst hit, although the report says the reduction in incomes is likely to hit dairy farms hardest. Prior to the pandemic, Irish dairy processors exported 92 per cent of all produce. More than 150 private building sites shut during the lockdown. That hit work on 23,800 homes, including 6,500 social houses.
The document confirms that Irish aviation was among the hardest hit in Europe by coronavirus travel bans, with traffic tumbling 83 per cent in May.
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