Concerns for Irish exporters as risk of recession in Britain increases

British GDP fell slightly, down by 0.1% from February, and could fall further if consumers significantly cut spending in the coming months.

Political instability surrounding British prime minister Boris Johnson seen also bearing down on the UK economy.

Irish firms exporting across the Irish Sea will be watching closely as new figures show the British economy unexpectedly contracted in March, increasing the risk of recession there later this year.

Britain remains an important market for Irish-owned companies, employing a large number of people despite many large exporters diversifying to other markets since the Brexit referendum almost six years ago.