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Brexit would cause 'containable' hit to Irish GDP - FinMin

Published 2016-06-21, 10:37 a/m
© Reuters. Brexit would cause 'containable' hit to Irish GDP - FinMin

DUBLIN, June 21 (Reuters) - A British exit from the European
Union could cut Irish gross domestic product by as much as 1.6
percent by 2021, but the impact on the country would be
"containable", Finance Minister Michael Noonan said on Tuesday.
"Over the period 2017 to 2021, we think the net effect on
GDP would be somewhere between 0.5 and 1.6 percent," he said,
adding that such a fall would be "containable" within the
government's fiscal plans over the period, which the government
unveiled on Tuesday.
"We're pointing out that there's a risk from Brexit, it's
not a risk that would damage the general thrust of what we're
saying today," Noonan said.

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