The impact of a no-deal Brexit on Ireland may be less severe than previously thought, according to London-based consultancy Capital Economics. This is the most benign no-deal Brexit forecast yet. The group said, however, a hard Border between Northern Ireland and the Republic – which could follow a no-deal Brexit – would be much more worrying. “In that event, we think that any fallout from Brexit for Ireland’s economy would be negligible,” it said. “Modelling a no-deal outcome is challenging given the complexity of how the economy will react,” said Neil Gibson, chief economist for EY Ireland.

Source: The Irish Times February 04, 2019 05:03 UTC