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Coronavirus: NI economy forecast to recover from pandemic by 2023

BBC News By John Campbell Published image captionEconomists said it could be 2024 before all the jobs lost during the pandemic are replaced The Northern Ireland economy should return to its pre-Covid level of output by the first half of 2023, Ulster University economists have forecast. They estimate the economy shrank by more than 10% last year, but will grow by nearly 6% this year and 4% in 2022. But they say it may be 2024 before all jobs lost during Covid are replaced. Economic prospects are much more positive than a few short months ago, said Gareth Hetherington from Ulster University Economic Policy Centre. The supports provided by both Westminster and Stormont have prevented an economic catastrophe and many businesses are showing significant resilience and returning quickly to growth.

Economy Minister highlights partnership and collaboration to help rebuild the economy | Newry Times | Latest Newry News, Newry Sport and Newry Business for Newry City

    That was the vision set out this week by Economy Minister Diane Dodds at a virtual stakeholder event where she discussed her Department’s Economic Recovery Action Plan.     The Minister’s ambitious plan was launched in February as a blueprint to rebuilding the economy after the impact of Covid-19. It contains 147 actions across four key themes – a greener economy, R&D and innovation, a highly skilled and agile workforce, and investment, trade and exports. Almost £290million in additional funding has been secured to deliver the actions.     Minister Dodds said, “Economic recovery can only be delivered through collaboration and partnership – we must all work together.

Life in Northern Ireland v the rest of the UK: what does the data say?

Life in Northern Ireland v the rest of the UK: what does the data say? Pamela Duncan, Finbarr Sheehy and Paul Scruton © Provided by The Guardian Photograph: Antonio Olmos/The Observer One hundred years to the day after its foundation on 3 May 1921 Northern Ireland, on paper at least, is outdoing the rest of the United Kingdom on many metrics. The UK’s smallest country has seen the lowest unemployment rate on the British Isles for six consecutive quarters, reaching a record low in late 2019; pre-Covid tourism was booming ; and it has the highest levels of wellbeing in the OECD. It is the only region of the UK where the proportion of people in persistent low income (after housing costs) is below 10% of the population while the absolute number of children living in poverty has fallen in the past five years, in contrast with the UK-wide figure.

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