Recession warning for Ireland hit by ‘no-deal Brexit bullet’

A no-deal Brexit at the end of next month will lead to the Irish economy tipping into recession and “the economic, political, and social consequences of the coming eight weeks could not be higher”, broker Goodbody has warned.

The broker, led by chief economist Dermot O’Leary, is the first major forecaster to predict an Irish recession in the event of the UK crashing out of the EU without a deal on March 29.