A UCC economist is warning that a no-deal Brexit is becoming more likely.
Dr. Declan Jordan says as there is little evidence the UK government will agree on a deal with the EU, it leaves the Irish economy in a precarious position.
He is organizing the Congress of the European Regional Science Association conference in Cork City which gets underway tomorrow.
Dr. Jordan says even if there is not a recession next year, jobs could be impacted by Brexit.
“We may not go all the way into a recession from a no-deal Brexit but there are estimates from our own Central Bank that a no-deal Brexit would lead to a loss of 40,000 jobs over the next decade,” said Dr Jordan.
“The economy would decline by about 3% over that period of time as well, unemployment being about 2% higher.”