Irish PM Varadkar: Irish economy could possibly contract in a no deal Brexit

Dhwani Mehta FXStreet

The Irish PM Leo Varadkar was on the wires last minutes, via Reuters, warning that the Irish economy could possibly contract in a no deal Brexit outcome.

"In a no-deal hard Brexit - in which case we won't have to worry about the economy over-heating - it will slow down rapidly, even contract," said Varadkar.

He added that he would publish an updated no-deal contingency plan next month setting out further actions to be taken between now and Oct. 31.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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