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NI businessman fears 'virus a jab, but Brexit a right hook'

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Ivor Ferguson

Ivor Ferguson

Cliff Donaldson

Richard Ramsey

Richard Ramsey

Connaire McGreevy

Connaire McGreevy

Ivor Ferguson

Businesses across Northern Ireland are bracing themselves for a long recession in the wake of the Covid-19 shutdown, but also must deal with the impact and uncertainty of Brexit.

How deep and long a recession will depend a lot on how the London and Belfast governments approach the expected downturn and whether there is an extension to the Brexit transition, according to one businessman.

Connaire McGreevy, founder of CTS Projects, a Warrenpoint-based heating installation, property maintenance and construction company, said Finance Minister Conor Murphy predicting a "very severe" recession was correct in his analysis.