No-Deal Brexit: Major Job Losses Predicted For Ireland

The Irish Central Bank has warned of major job losses in Ireland in the case of a no-deal Brexit. In its latest quarterly bulletin, the Central Bank forecast that there would be 34,000 fewer jobs by the end of 2020 and 110,000 fewer jobs over the coming decade. Under a standard scenario, real GDP growth is expected to fall from 4.9 percent this year to 4.1 percent in 2020.

In the case of a disorderly Brexit, however, real GDP growth will fall from 4.5 percent in 2019 to just 0.7 percent in 2020. Growth in employment will be 1.7 percent under a standard scenario and 0.4 percent in 2020.