Oireachtas Joint and Select Committees

Wednesday, 23 June 2021

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Reactivation of Economy Following Pandemic Restrictions: Discussion (Resumed)

Mr. Richard Shakespeare:

All the language over the past year has been telling people to stay at home and work remotely. That narrative is starting to change. We are hearing about a move towards hybrid working from the commercial sector. There has been a reduction of footfall in the city centre and it is at approximately 70% of the normal rate now. That is without tourists and quite a lot of offices. We are doing our research through the economic development unit and we have the Dublin Economic Monitor, which tracks trends and sentiments. We will continue to do that and see how it plays out but we are aware of what is going on. We are keeping an eye on how we can work with other State agencies to ensure that these multinationals stay and help to generate the business that will sustain the coffee shops, newsagents or whatever else. We have all the metrics from the past four years from the Dublin Economic Monitor, which is well worth reading. It is published four times a year.