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No-deal Brexit an 'enormous challenge' for Irish economy, says central bank | Malay Mail

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DUBLIN, Oct 11 — A no-deal Brexit would present “enormous challenges” to the Irish economy and cut growth to just 0.8 per cent next year, Ireland's Central Bank said in its most detailed set of projections to date on the potential risks. Ireland's fast-growing economy is considered the most...

Friday, 11 Oct 2019 10:44 AM MYT

Ireland's fast-growing economy is considered the most vulnerable to Brexit among remaining European Union members because of its close trade links and shared land border with the United Kingdom. “While considerable uncertainty necessarily attaches to estimates from an exercise of this type, a no-deal Brexit would present enormous challenges and result in a significant loss of output and employment compared to a no-Brexit scenario,” the central bank said in its quarterly update to projections.

 

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