Latest report from OECD highlights the dangers of Brexit - O’Brien

Fianna Fáil Spokesperson on Foreign Affairs and Trade Darragh O’Brien has said the OECD’s latest Global Economic Outlook highlights the dangers associated with a possible Brexit. The report was published earlier today.

Deputy O’Brien said, “Today’s report from the OECD is a stark reminder of the global economic implications should Brexit materialise. The report notes that business confidence has slumped in the run up to Brexit and investment has slowed. Furthermore, the report goes on to state that “a decision to exit would result in considerable additional volatility in financial markets and an extended period of uncertainty about future policy developments, with substantial negative consequences for the United Kingdom, the European Union and the rest of the world’’.

“Ireland will be one of the countries most affected if Brexit occurs considering Britain is our nearest neighbour and largest trading partner. While this is a decision for Britain and Britain alone to make, it is nonetheless imperative that Irish concerns are made known. Several reports have highlighted the very serious implications for Ireland across a range of sectors including financial, trade, travel, tourism and agri-food.

“It’s my hope, and that of my party, that Britain votes to remain in the European Union. I am calling on all those who are eligible to vote to use it and have their say in this crucial referendum on June 23rd.”
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