Oireachtas Joint and Select Committees
Tuesday, 16 June 2020
Special Committee on Covid-19 Response
Covid-19: Impact on the Fiscal Position
Mr. Barnes maintains the macroeconomic outlook is one that is quite different from that when we were in the financial crash. Will he accept, however, that the microeconomic difficulties are there to a far greater extent because of the debt burden being carried by the SME sector arising from that crash? Accordingly, its ability to recover after Covid-19 is will be far more difficult and will require far greater funding.