Northern Ireland would have 40,000 fewer people in work if covid pandemic support measures had not been introduced, economists have estimated.
Northern Ireland would have 40,000 fewer people in work if pandemic support measures had not been introduced, economists have estimated.
The Ulster University Economic Policy Centre constructed a "counterfactual" with no government supports and with all public health restrictions being strictly enforced. He added this was "particularly so for sectors such as hospitality, arts and leisure and non-food retail". "The analysis suggests many self-employed individuals ceased trading to be employed in larger businesses," he said.The UUEPC is also sceptical of claims that the furlough and similar schemes have contributed to higher inflation.
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