Majority of Irish executives alarmed at prospect of Brexit

An increasing number of Irish executives are worried about the impact that a British exit from the EU would have on Ireland.

According to a new study from Merc Partners, 87% believe that a Brexit would hurt the Irish economy.

However, only 25% believe that the UK will actually leave the Union, that is down from 36% in the same study last year.

In 2015 research by Open Europe forecasted that a Brexit would lead to a permanent reduction of Irish GDP of between 1.1 and 3.1% by 2030.