KBC Bank Ireland: Brexit ‘will not destroy growth’

Brexit will slow but not derail Ireland’s economic growth, KBC Bank Ireland has said in an update.

The fall in the value of sterling against the euro will have an immediate impact on the outlook here because it makes it more difficult for Irish firms to sell in the UK.

The bank has cut its estimate for underlying growth this year to 4% from 5% and pared its 2017 forecast to around 3% from 3.7%.