Oireachtas Joint and Select Committees

Thursday, 28 November 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Impact of Brexit on Ireland's Economy: Economic and Social Research Institute

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Table 3 gives detail on expectations in a deal, no-deal and disorderly Brexit scenario. I agree that the most likely outcome is a deal scenario, although one should never second-guess what can happen across the water and how they may approach things in the future. Let us look at the deal scenario. There is no good news story in a deal scenario other than that it is significantly better than the alternative cases. The most severe impact after two years will be on the gross value added traded sector, with a predicted 0.9% reduction in a deal scenario compared with a 2.1% reduction under a no-deal scenario and a 3.9% reduction in the event of a disorderly Brexit. Will our guests expand on the impact that would have on certain regions, if that information is available to them? Will particular sectors be hit? Do our guests have a view as to supports that could be offered by the Government and policymakers, such as ourselves, to offset that impact on the traded sector?

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