Hard Brexit ‘could damage economy as much as financial crash’
Copenhagen Economics study finds Irish economy could reduce by up to 7% by 2030
The best outcome from Ireland’s perspective would be the EEA option, where Britain enjoys access to the single market. Photograph: Stephanie LeCoq/EPA
The UK’s departure from the European Union could cause almost as much damage to the Irish economy as the financial crisis of 2008-2009, but over a longer period, an expert report has found.
Brexit will reduce the size of the Irish economy in 2030 by between 2.8 and 7 per cent, depending on the type of Brexit that eventually emerges, an expert study for the Government has found.