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Four Brexit risks Ireland faces for the rest of 2016


Picture: REUTERS/Francois Lenoir

Picture: REUTERS/Francois Lenoir

Picture: REUTERS/Francois Lenoir

Brexit will weaken Ireland’s place in the European Union and damage the Government’s pursuit of our objectives as a member state, a report has found.

The National Risk Assessment (NRA) 2016 has listed Britain’s departure from the EU as the number one threat to Ireland, impacting on the economy, social infrastructure and our place on the international stage.

Here are the four Brexit risks facing Ireland for the rest of 2016:

1. Weak global economic group

Emerging evidence of a plateau in global trade volumes since the start of 2015, with an increasing resort to protectionist measures which would be damaging to Ireland.

2. Environmental risks

Nationally, climate change in Ireland will have wide ranging impacts on the environment, society, and the economy and associated sectors, including water resources, agriculture and human health.

3. International terrorism

There is the possibility that a state like Ireland would be used as a location from which attacks could be launched.Even events abroad have the potential to damage tourism.

4. Technology risks

The threat landscape continues to evolve, and a wide range of significant risk arise for key national infrastructure such as energy, transport and telecoms systems. A specific risk is data theft.

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