Cameron to face EU over Brexit
Published 27/06/2016 | 02:30
The week's political and economic pivot will be the European Council meeting in Brussels tomorrow and Wednesday, when outgoing British Prime Minister David Cameron will face fellow EU heads of government for the first time since his country voted last Thursday to leave the European Union.
The fall-out from the Brexit vote is likely to dominate what had been due to be an otherwise quiet week for corporate and economic news flow.
At home, senior members of the Cabinet, including Michael Noonan and Paschal Donohoe, will attend the National Economic Dialogue (NED) at Dublin Castle, a two-day event starting today being held as part of the new budgetary framework, with the aim of debating economic and social priorities facing the Government ahead of the October Budget.
The session is set to be dominated by the news from the UK, including the implications for spending plans on this side of the border.
Elsewhere, Irish house prices, consumer spending and manufacturing output data, which are all due this week, will provide an insight into the performance of the Irish economic recovery over the first half of the year. However, the likelihood of trends being sustained post Brexit vote must now be in doubt.