An official briefing paper for the Irish government says that, on top of the pandemic, a second shock from a hard Brexit might overwhelm the Republic’s economy.
The Irish Times says that a government briefing document has warned the Irish foreign affairs minister, Simon Coveney, that:
“Households and businesses may not have the capacity to withstand a second economic shock as a result of a hard Brexit at the end of the year, …”
And the document itself says that the Republic of Ireland is :
“…facing into Brexit from a fundamentally different economic starting point than for a no-deal Brexit in 2019.”
And that, taking the Coronavirus pandemic into account:
“…the capacity of households and businesses to manage a second economic shock will be more limited …”
Coveney has been warned that protecting the €85 billion trade link with the UK is vital to Ireland’s economic recovery.
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