Tuesday July 7, 2020

Hard Brexit would slash 2019 growth outlook - ESRI

The ESRI adds that this forecast does not take into account potentially significant short-term shocks to the economy from consumer uncertainty, disruption in financial markets or lack of access to international supply chains

12th December, 2018
Hard Brexit would hit exports first, says ESRI. Pic: Getty

The Economic and Social Research Institute (ESRI) has said a hard Brexit scenario would slash the outlook for Irish economic growth next year.

In its latest economic commentary, the think-tank says the Irish economy should record what it describes as an “exceptional” performance this year, with gross domestic product (GDP) growing by 8.2 per cent.

The institute sees growth slowing to 4.2 per cent in 2019, though it adds that this forecast is based...

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