Bloomberg: No-deal Brexit would cost Ireland 73,000 jobs, central bank says

11 October 2019

A no-deal Brexit would cost Ireland more than 73,000 jobs over the next two years, the nation’s central bank said.

If the U.K. tumbles out of the European union without agreement, Ireland’s unemployment rate will rise to 5.8% in 2020 and 6.9% in 2021, the bank forecast in its quarterly bulletin in Dublin on Friday. An accord would mean a much lower rate, below 5% in both years.

“In the event of a disorderly, no deal Brexit, the key channels through which the economy will be affected will be through shocks to the exchange rate, trade, consumption and investment, leading to a marked deterioration in economic conditions,” according to the bank. [...]

Full article on Bloomberg

Divergent paths for Irish economy depending on outcome of Brexit process - Central Bank of Ireland Quarterly Bulletin

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