VIDEO: Central Bank economists say Brexit will have 'negative and material' effect on Ireland

VIDEO: Central Bank economists say Brexit will have 'negative and material' effect on Ireland
Central Bank calls for better measure of economy Pic: RollingNews.ie

Bank was 'shocked and surprised' by 26 per cent growth figure

The Central Bank has lowered its forecasts for economic growth this year and next year after Britain's vote to leave the EU.

In its latest quarterly bulletin, the bank says the impact of Brexit in Ireland is set to be "negative and material" in the short-term and longer-term. It adds, however, that it is difficult to quantify the impact, as the long-term impact on Ireland will depend on the nature of any withdrawal agreement...

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