Central Bank Governor says economy outlook depends on how coronavirus develops

The Governor of the Central Bank has told the Oireachtas Covid Committee the outlook for the economy depends on how the virus develops.

He says overall consumer spending will be down by 10 percent by the end of the year while the unemployment rate should be around 13 percent.

Gabriel Makhlouf says government needs to do more to ease the effects of any further economic shocks - press PLAY