We must look beyond the aggregates, to consider the effects of the pandemic across different sectors and groups in our society so together we can work to minimise potential costly and damaging scarring effects. Thank you and I look forward to your questions. [1] I would like to thank Rea Lydon, Tara McIndoe-Calder and Caroline Mehigan for their contribution to my remarks.
[2] See the OECD Economic Outlook, Interim Report March 2021 [3] Gopinath, Gita (2021). “A Race Between Vaccines and the Virus as Recoveries Diverge”, IMF Blog. 26 January 2021. [4] Sectors dominated by multinationals grew by over 18% in 2020, increasing their share of economy value-added to 50%, up from 43% in 2019 (See CSO).