October 26, 2020

COVID-19 UPDATE: Just one new case of virus in Waterford, ‘300,000 will be out of work for years to come’

The number of coronavirus cases in Waterford has risen to 143, according to the latest county-by-county breakdown of Covid-19 figures.

The small increase of just one more cases locally since the beginning of this week underlines Waterford’s positive response to the pandemic so far as  the county continues to enjoy one of the lowest rates of infection in the country.

Meanwhile, concerns at the economic fallout as a result of the pandemic were highlighted in a stark report this morning which said Finance Minister Paschal Donohoe has privately warned unemployment levels could remain persistently high for years to come.

According to The Irish Independent, Minister Donohoe laid bare the fragile state of the country’s finances during government formation talks between the Fine Gael, Fianna Fáil and Green Party negotiating teams.

The parties were told unemployment could still be as high as 15pc by the end of the year and remain high in the coming years with key sectors hit by structural unemployment and unable to recover. With a total workforce of almost 2.4 million, this would equate to somewhere between 300,000 and 350,000 jobless.

PHOTO: Stock image

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