September 26, 2018 / 1:30 PM / 3 months ago

Irish economy would still grow in 2019 in event of no-deal Brexit - finance minister

A Belfast to Dublin bus is seen outside the Customs House in the Irish Financial Services Centre in Dublin, Ireland April 24, 2017. REUTERS/Clodagh Kilcoyne

DUBLIN (Reuters) - If Britain exits the European Union without a deal next March it would cause a “very significant shock,” but the Irish economy would still post annual growth in 2019, Finance Minister Paschal Donohoe told a parliamentary committee on Wednesday.

“The figures that I have indicated to date is that a Brexit shock in the form of either a very hard or a disorderly Brexit is equivalent to between 3/4 of a (percentage) point to a full point of national income growth” in one year and between 3 and 3.5 percentage points of growth over several years, he said.

Reporting by Conor Humphries; Editing by Hugh Lawson

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