Dáil debates

Thursday, 10 November 2016

Ceisteanna - Questions - Priority Questions

Brexit Issues

3:55 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The purpose of this question is to get the Minister's assessment of the impact so far of Brexit and the likely impact on the Irish economy going forward. The joint ESRI-Department of Finance working paper on the issue is helpful and interesting. Will the Minister put in context what its findings would mean for the economy? It found, depending on the nature of the post-Brexit trading relationship, that the level of output in Ireland will be 2.3% to 3.8% below what it would otherwise be projected over a ten-year period or 40 quarters. What is the current assessment of Brexit's impact now and in the future? What can we do to mitigate the negative effects of it?

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