There have been numerous studies that show both the UK and European Union economies will struggle in the event of a “No-Deal” scenario. The GDP of Ireland is €175 Billion ($198 Billion) and the UK measures €1,713 Billion ($1,944 Billion). The UK economy is 9.7 times larger than IrelandIrish total exports are worth €102 Billion ($116 Billon) and total imports €58.6 Billion ($67 Billion). UK total exports are worth €423 Billion ($480 Billion) and total imports are valued at €578 Billion ($656 Billion). From the total exports the UK ships €209 Billion ($237 Billion) to the EU and going the other way as UK imports from the EU is trade worth €342 Billion ($388 Billion).

Source: Forbes December 15, 2018 14:48 UTC