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Brexit poses a serious threat to economic prosperity

Brexit poses a serious threat to economic prosperity

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Ireland’s failure to invest sufficiently in infrastructure and its inability to tackle the under-resourcing of the education sector pose risks to the country post-Brexit, according to a new report.

The National Competitiveness Council (NCC) warns Ireland must do more to put plans in place to enhance our competitiveness and to prepare with the consequences of the UK leaving the European Union.

It says that while Ireland ranks favourably currently against our near neighbour in international competitiveness rankings, the country’s strong macroeconomic performance may have led to an overstating of our underlying position. It says that it may lead to insufficient attention being given to clear deficits evident in infrastructure and investment in skills and innovation.

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