It said it did not expect unemployment to return to pre-Covid levels – it was under 5 per cent prior to the pandemic – until at least the end of 2023.The Covid-adjusted unemployment rate, which includes Pandemic Unemployment Payment recipients, stood at 24.8 per cent in February, which equates to almost 600,000 people.
This will increase the State’s debt-to-GDP ratio to 61.3 per cent, but it noted that an alternative measure of debt sustainability – the ratio of real interest payments to GDP – suggested the Government had more scope for fiscal policy.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: