Ireland's economy shrank by 6.1% between April and June and earlier this month Tánaiste Leo Varadkar warned that Ireland was headed for a budget deficit ranging from €25bn-€30bn by the end of the year.
We've already heard predictions from the International Monetary Fund that the world is facing the deepest recession since the 1930s.
We've been assured that unlike the credit crisis 12 years ago, Ireland's economy is now fundamentally sound - with access to cheap borrowing, Ireland can carry the burden.
But many are already hurting during this Covid-19 recession. How bad will it get, and how should Ireland weather the storm? Buswells Hotel reduces staff to six Following the implementation of Level 3 restrictions in the capital, Buswells