The Economic and Social Research Institute (ESRI) has said it is “not inconceivable” that the Irish economy could shrink next year in the event of a no-deal Brexit.
While the think-tank's headline forecasts in its latest economic commentary show GDP rising by 4.9 per cent this year and 3.1 per cent next year, these numbers are based on the assumption that the UK will effectively remain an EU member beyond October.
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