Philip Lane: Economy still vulnerable to Brexit risks

Ireland’s economy has so far weathered the storm but remains “especially vulnerable” should the UK fail to strike a favourable deal in its Brexit talks with the EU, says Central Bank governor Philip Lane.

He said the Brexit vote has not yet riled financial markets or scared investors to the extent some had feared, but there are no guarantees the calm conditions will last.

The outlook favours a broadly based upturn, even though the economy remains particularly vulnerable to outside economic shocks, he said.