Be prepared for a no-deal Brexit, warns Central Bank
Government and businesses advised not to take growth forecasts for granted
Mark Cassidy, director of economics and statistics at the Central Bank: A UK departure without a withdrawal agreement would cause “quite significant negative disruption”. Photograph: Alan Betson
A “no deal” Brexit, under which the UK leaves the EU without a withdrawal agreement, would mean the Irish economy would face the costs of the UK’s departure much earlier, the Central Bank has warned.
As fears of a no-deal Brexit rise, the bank has cautioned that this would bring significant short-term disruption and said the Government and businesses needed to prepare.