No-deal Brexit could result in 40,000 Irish jobs lost, warns economist

No-deal Brexit could result in 40,000 Irish jobs lost, warns economist

A UCC economist is warning that a no-deal Brexit is becoming more likely.

Dr. Declan Jordan says as there is little evidence the UK government will agree on a deal with the EU, it leaves the Irish economy in a precarious position.

He is organising the Congress of the European Regional Science Association conference in Cork City which gets underway tomorrow.

Dr. Jordan says even if there is not a recession next year, jobs could be impacted by Brexit.

"We may not go all the way into a recession from a no-deal Brexit but there are estimates from our own Central Bank that a no-deal Brexit would lead to a loss of 40,000 jobs over the next decade," said Dr Jordan.

"The economy would decline by about 3% over that period of time as well, unemployment being about 2% higher."

Digital Desk

More on this topic

Trump hails ‘great discussion’ with Boris Johnson on post-Brexit trade dealTrump hails ‘great discussion’ with Boris Johnson on post-Brexit trade deal

Johnson faces fresh calls to ensure no hard border between UK and IrelandJohnson faces fresh calls to ensure no hard border between UK and Ireland

No-deal Brexit may provoke further attacks along the borderNo-deal Brexit may provoke further attacks along the border

No-deal Brexit tariffs could ‘massively reduce’ competitiveness, warn British farmersNo-deal Brexit tariffs could ‘massively reduce’ competitiveness, warn British farmers

More in this Section

Gardaí investigating whether fire in Cork was started deliberatelyGardaí investigating whether fire in Cork was started deliberately

Tracker Mortgage Scandal: Hundreds may find their complaints judged out of date Tracker Mortgage Scandal: Hundreds may find their complaints judged out of date

Irish 'blame culture' contributing to shortage of consultantsIrish 'blame culture' contributing to shortage of consultants

HSE spending on agency staff in mental health services nearly twice its budgetHSE spending on agency staff in mental health services nearly twice its budget


Lifestyle

We take a trip down memory lane and check out what happened on this day in years gone by by looking back at some Irish Examiner front pages and highlighting other events which went down in history across the world.August 20, 2019: A look back at what happened on this day in years gone by

More From The Irish Examiner