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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.