Moody’s: Ireland's economy at risk from Brexit and Donald Trump

Brexit will still hit Ireland’s economy hard despite attracting increased levels of investment, according to Moody’s Investors Service.

In an annual report, the credit ratings firm said external shocks from Brexit and the plans for an overhaul of US corporate tax by Donald Trump’s White House pose the greatest threats to an economy which carries huge amounts of public debt from the financial bust.

“Larger” fiscal reserves or capital buffers could help insulate the economy, according to Moody’s analysts Kathrin Muehlbronner and Dietmar Hornung.