Home > Financial > Irish economy could flatline next year in a no-deal Brexit warns Finance Minister

Irish economy could flatline next year in a no-deal Brexit warns Finance Minister

Written by Business World, on 26th Jun 2019. Posted in Financial

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Ireland's economy could flatline next year if Britain crashes out of the European Union without a deal, rather than growing by the forecast 3.3% if its neighbor secures an orderly Brexit, Irish Finance Minister Paschal Donohoe said on Tuesday.

Donohoe said his department was forecasting that the increase in gross domestic product would fall to anywhere between zero and 1% in a disorderly Brexit as he laid out two budgetary scenarios for how to manage the public finances next year. (Reuters)

Source: www.businessworld.ie

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