Tuesday 25 July 2017

Moody's predicts Ireland will gain more foreign direct investment after Brexit

Moody's believe FDI is key for Ireland. Photo: Bloomberg
Moody's believe FDI is key for Ireland. Photo: Bloomberg
Donal O'Donovan

Donal O'Donovan

Ireland stands to gain more foreign direct investment (FDI) as a result of Brexit, and the public finances here have been on a continuously improving trend, which will likely continue over the coming years, Moody’s says.

In a new report on the Irish economy, the rating agency noted that reduction in the level of government debt has slowed since 2015, and warned that the economy here remains unusually vulnerable to outside shocks.

Overall, Brexit is likely to have a negative effect on the economy here, but the agency is less worried about domestic risks, such as rising house prices or radical political change.

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