Virus shaping economy is unpredictable and surprising : vima

Virus shaping economy is unpredictable and surprising


Economics Correspondent
Covid-19 continues to be the predominant issue in all our lives. It also continues to be the predominant factor shaping our economy. And because it's the Irish economy, it continues to be unpredictable and surprising.  
Economists at the Department of Finance have been analysing different aspects of our Covid economy.  
Its latest Economic Insights publication looks at two of the most striking aspects of what’s been happening since Covid struck.  
You may have heard, or you may have noticed, that people are saving more. In fact, people have been saving a whole lot more. In the year to October, bank deposits by households increased by an incredible €12bn. That was twice the amount seen over the same period in 2019.  

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