Ibec, the group that represents Irish business, is calling for a significant stimulus plan from the government to support vulnerable businesses and help the economy recover.

In a new report, the group said that the package, if fully utilised, would increase the Irish government crisis response support to the economy to about 10% of GDP, bringing Ireland into line with other countries.

Ian Guider, markets editor of The Business Post, joined us for our daily business update to discuss this story and more, including:

• Central Bank's dire economic warning out today of a severe shock
• Camile restaurant chain stops paying rents 'to safeguard future'
• Ryanair says its profits in year to March were in line with forecasts but 99% of planes now grounded
• Avolon cancels or postpones aircraft orders due to COVID-19

Listen to the interview in full by pressing the play button on this page.