Central Bank warns of risks to economy from Brexit, high debt

The indebtedness of Irish households remains high, leaving them vulnerable to interest rate rises, the Central Bank says

14th June, 2017
The Central Bank

The bank estimates that in the event of no trade agreement being reached between the EU and Britain, GDP in Ireland could be around three per cent lower after 10 years than under a no-Brexit scenario which would roughly translate into 40,000 fewer jobs.

In the first edition of its 2017 macro-financial review, which provides an overview of the economic environment in Ireland and sets out the main global and domestic risks facing it, the bank said...

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