| 17.3°C Belfast

Close

Premium

Severe coronavirus and Brexit recession could last five years and ravage hospitality sector: expert

Close

Finance Minister Conor Murphy

Finance Minister Conor Murphy

Ann McGregor of NI Chamber

Ann McGregor of NI Chamber

Stephen Kelly of Manufacturing NI

Stephen Kelly of Manufacturing NI

Finance Minister Conor Murphy

Northern Ireland is facing a severe recession, with one economist predicting that it could last up to five years.

Jobs in hospitality are likely to take the biggest hit, with tens of thousands of roles at risk as disposable income falls in the domestic market and tourism decreases.

Business advisory firm EY has predicted a worst case scenario of 132,000 job losses in total here.