26 Mar 2020

Coronavirus: Economists say unemployment could hit 30pct

From Morning Report, 7:42 am on 26 March 2020

Senior economists are predicting unemployment to reach 15 percent, with one warning it could even hit 30 percent as Covid-19 brings the economy to a shuddering halt.

They say the sudden stop to most sectors will make the pandemic far more economically damaging than even the Global Financial Crisis.

Guyon Espiner reports.