is_that_so wrote: » but we've shown that we can protect at risk populations and manage the disease.
ednwireland wrote: » and destroy the economy
Atlantic Dawn wrote: » What I would love to know is say mid 2021 if we get all healthcare workers and vulnerable people vaccinated can we just then return to normal?
Padre_Pio wrote: » Destroy is a strong word. The economy will recover.
Padre_Pio wrote: » Unemployment is high, but this will bounce back. Pubs, restaurants and services will reopen quickly. If businesses close then others will take their place.
Padre_Pio wrote: » Government expenditure is high, but that social welfare mostly, which again, comes back in tax receipts.
Padre_Pio wrote: » Corporation tax is doing well, most white and blue collar jobs are working as usual, exports are good, personal savings are up for most of the country, property prices are strong.
Padre_Pio wrote: » Next year is going to be a bonanza year with all this pent up demand
landofthetree wrote: » All wishful thinking. It's obvious that cases will be over 1000 a day by Jan.
Deleted User wrote: » Eventually, after 8-10 years. Some are gone forever. People will have less money to spend, therefore many won't open for years. Higher taxes for everyone working, which will further depress the economy. The Government have baked in an extra €4 billion of permanent spending. Also we've agreed to become the 5th largest contributor to the EU budget in ABSOLUTE TERMS - not per capita. This is true, however if the government jack up taxes, or the EU force us to, or SF gets elected, and they all run away, then we are in deep sh1t. For entertainment and hospitality sector, yes. It won't get them back to where they were pre COVID. As someone who runs a small business that did quite well during COVID, I think we are screwed for a long time.
Padre_Pio wrote: » 8-10? Not even the 2008 recession took 8-10 years to recover (ah but some country towns are still in recession you say, but they were always in recession).
Deleted User wrote: » This is much worse than the 2008 recession. Unemployment wasn't 21% during that. The borrowing we are doing is equivalent to the Troika bailout, and will most likely exceed it. And this "free money" nonsense is just that, nonsense. It will all have to be paid back, and interest rates will rise. Otherwise banks will go bust. It will also lead to inflation.
Deleted User wrote: » This is much worse than the 2008 recession. Unemployment wasn't 21% during that. The borrowing we are doing is equivalent to the Troika bailout, and will most likely exceed it. And this "free money" nonsense is just that, nonsense. It will all have to be paid back, and interest rates will rise. Otherwise banks will go bust. It will also lead to inflation. Couple that with energy costs going through the roof due to all the green initiatives (not suggesting this is bad for the planet, but it's bad for the economy). Politically everyone wants to spend,spend,spend. This never ends well. Just look at 1970s UK. If we have another pandemic in that time which is more deadly, we are finished, as we have shot our bolt on this one. All the money we are spending now is gone with not much to show for it in terms of lasting effects. I am not at all optimistic about the next 8-10 years. Time will tell.
Padre_Pio wrote: » The recovery is going to be very uneven, granted, but since the ECB is printing free money, we'll do well out of it.
average_runner wrote: » Primary schools are not big spreaders. Kids in a school of 600, 6 cases in total and this is Dublin and a location where the virus is higher
Zebra3 wrote: » Fascinating. I was under the impression that the loans had to be repaid.
landofthetree wrote: » So we are well on the road to my prediction. 429 today.
Tazz T wrote: » 269 - a 48% fall in just 24 hours. better luck tomorrow
ILoveYourVibes wrote: » They do of course. I presume at a lower rate of interest though.
Zebra3 wrote: » So it’s not free money then. More lies being spouted.
Del Griffith wrote: » The next one should have lower compliance again. A good thing, imo. By April hardly anyone will give a ****e anymore.
Boggles wrote: » I wonder is their anyone from the European countries going into harsh Christmas restrictions looking at the thread title and shaking their head.
tobefrank321 wrote: » T Personally I think the January lockdown should be the last, but I'm not in charge.
tobefrank321 wrote: » They'll be shaking their heads again at us in January.
Tazz T wrote: » I'd agree. Historically, it would be difficult to find an example of a fourth wave airborne pandemic. It does look like our third wave will be quicker to arrive which isn't a bad thing. It might push things along in terms of the vaccine rollout. But the third wave won't be not so severe. And could be tempered further by the vaccine. The problem is even if it's gone, the government could be overcaution and still use restrictions and introduce legislation that affects us well into the future especially when it comes to travel or attending events.
MadYaker wrote: » The gov won’t introduce restrictions unless they have to. It depends on case numbers and hospital capacity.
Boggles wrote: » Lower compliance will result in longer restrictions. The only way one could see that as a "good thing" is if they want longer restrictions. I don't know any reasonable individual who would want such a thing.