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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Ireland is expected to announce a recovery fund to deal with the twin economic threats of a disorderly Brexit and the coronavirus pandemic when it unveils its 2021 budget on Tuesday. Finance minister Paschal Donohoe will set out the Republic's spending scheme for next year at 1200 GMT in the Dail lower house of parliament. Citing "a senior government source," the Irish Times reported that a recovery fund worth between 4 billion euros ($4.7 billion) and 5 billion euros will be announced. Donohoe last month confirmed his 2021 budget will be based on the assumption that Brexit trade talks fail, with Britain reverting to World Trade Organization (WTO) terms in 2021. This "disorderly Brexit" has the potential to upend the Irish economy. The UK is Ireland's third largest exporting partner, according to 2018 figures from the nation's Central Statistics Office (CSO). Business chiefs fear that flow of trade may be stemmed with steep tariffs, burdening businesses already reeling from coronavirus restrictions. The Irish cabinet last week granted Donohoe approval to raid the nation's 1.5 billion euro ($1.77 billion) "rainy day fund" -- previously touted as a key economic buffer for Brexit -- for his budget. Donohoe said the funds will now be used "to remedy or mitigate the exceptional circumstances arising from Covid-19". Ireland has suffered around 1,800 deaths from the coronavirus. Virus restrictions -- which began with a nationwide lockdown in March -- have battered the economy. The finance ministry last month forecast the nation will have an annual average unemployment rate of 15.9 percent this year, more than three times the 2019 figure. 2020 GDP is expected to drop by 2.5 percent, with some coronavirus fallout offset by robust performance in the export sector, notably pharmaceuticals. jts/jwp/rl/je
schema:headline	Ireland budget to brace for Brexit and virus fallout
schema:mentions	Rainy day fund Finance minister Republic of Ireland Easter World Trade Organization Brexit Gross domestic product Lockdown Pandemic Virus Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Central Statistics Office (Ireland) Government of Ireland Upend Demography of the United Kingdom Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-13 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)

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