Housing mess set to wipe any Brexit benefit

The recently-published analysis on the potential impact of Brexit on the Irish economy, which was commissioned from Copenhagen Economics by the Government, makes for sober, but not surprising, reading.

The analysis suggests that Brexit has the potential to reduce the size of the Irish economy by between 2.8% and 7% by 2030.

In the event of a ‘hard’ Brexit, with World Trade Organisation tariff rates applying once the UK leaves, average annual growth out to 2030 is predicted at 1.7%, compared to 2.2% in the event of no Brexit.