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
The Central has warned thatthe impact of Brexit on the Irish economy is likely to be "negative and material" in both the short and long-term while the indebtedness of Irish households remains high, leaving them vulnerable to rising interest rates.
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 ...
