In the long-run, the UK’s departure is expected to have negative effects on the UK economy through lower productivity and weaker investment. Slower UK growth arising from these effects will reduce overall demand for Irish exports, although this could be mitigated by Irish exporters finding new markets or by an increase in foreign investment and inward migration.
***  Market-based finance I have spoken previously of the rise in non-bank finance and the risks therein. Ireland hosts a large and internationally orientated market-based finance sector that has grown rapidly in recent years.