The volatility of the economy means we have higher highs and lower lows.8 I want to mention two risks in particular today: the coronavirus and the future trading relationship with the UK. The impact of the coronavirus outbreak in China adds to already existing uncertainties and risks at the global level.
While it is premature to reach any conclusions, there is the potential for a negative shock to the growth of the international economy in the short-term. Beyond that, however, we must wait and see, though recognising that uncertainty has increased. Any impact on the Irish economy would be felt through both direct and indirect channels.