World Economy

Ireland-UK Trade Could Slump

Ireland-UK Trade Could SlumpIreland-UK Trade Could Slump

Trade in goods would fall by €3 billion ($3.37 billion) and services by €5 billion, the conference, hosted by the Irish Exporters Association, was told, NewsNow reported. Ana Boata, economist with credit insurance company Euler Hermes, said her organization was expecting just a 10% probability of an British exit. But she told the event that there would be a cost to the Irish economy if it were to happen. “We really think that Brexit negotiations with Europe are not likely to be very easy, and we see increased uncertainty and delayed investments,” Boata said.  “ Trade between the UK and Ireland would be reduced by as much as 20%,” she said.