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Central Bank Cuts Growth Forecast In Wake Of Brexit

The Central Bank has cut its growth forecasts in the wake of the Brexit vote.

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It has lowered Ireland's growth predictions by zero-point-2 per cent for 2016 and zero-point-6 per cent for 2017.

Chief Economist, Gabriel Fagan, says some sectors of the Irish economy – including agriculture, clothing and tourism – depend on exports to the UK and could be hit by their decision to leave the EU.

However, it's not all bad news: the Central Bank is projecting an increase in employment by 67-thousand over the next  two years.

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