In a new report, the ratings agency said that a no-deal Brexit “is clearly the most painful outcome for the Irish economy”, noting that it could result in the Irish economy being anywhere from 4-8.2 per cent smaller over the long-term, compared to a no-Brexit baseline. “A benign Brexit outcome in which uncertainty associated with Brexit evaporated would not eliminate, and over time may even exacerbate, existing economic challenges,” it said . BREXIT: The Facts Read them hereIndeed DBRS says that the threat of a no-deal Brexit experieced thusfar, may, in part, be starting to apply some “convenient friction” to the Irish economy. “ The risk is that these conditions could lead to a rapid increase in price and wage growth that reignites the boom-bust dynamic that has previously beset the Irish economy”. Meanwhile, fellow ratings agency Moody’s took no action with its rating of Irish debt on Friday.

Source: The Irish Times February 11, 2019 09:38 UTC