KBC Ireland chief: Brexit still 'a big sword of Damocles' despite upbeat outlook for economy

The outlook for the Irish economy is favourable in the short-term but Brexit is still "a big sword of Damocles" for growth, the new KBC Ireland chief executive has said.

Peter Roebben told TDs and Senators at the Oireachtas Finance Committee that "it could go in any direction" in relation to Brexit but that KBC was retaining its "quite upbeat" outlook for now.