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Irish economy caught between overheating and Brexit, ESRI chief warns

  • Formulating budgetary policy extremely difficult given uncertain outlook, says chief economist

The Irish economy is on a knife-edge, poised between “overheating” and a major Brexit-related downturn, the State’s chief economist has warned.

  • Eoin Burke-Kennedy
  • The Irish Times

John McCarthy described the situation as “extraordinarily complex” and uncertain, saying it made forming budgetary policy extremely difficult.

He said overheating could transform rapidly into “underheating” as a result of a cyclical downturn internationally, made worse by Brexit and trade tensions between the US and China.

Mr McCarthy was…

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