New study: Brexit will have negative impacts on Irish trade and GDP

February 20, 2018

Ireland is uniquely exposed to Brexit due to a very high trade intensity with the UK and the use of the UK landbridge to access continental markets.

In a recent assessment of the impacts of Brexit on the Irish economy, we find that:

Increased trade costs will lower Irish exports of goods and services by approximately 3-8 per cent in 2030
Brexit will lower Irish GDP by approximately 3-7 per cent in 2030
The following five sectors account for the vast majority of the total impact of Brexit: Agri-food, pharma-chemicals, electrical machinery, wholesale and retail and air transport

The study also concludes that domestic policy responses can mitigate Brexit impacts.