There is little positivity among business leaders in Ireland regarding the impact of Brexit on the Irish economy, according to the latest Director Sentiment Monitor for the second quarter of the year, conducted by the Institute of Directors in Ireland.

Among the key findings, 91% believe the impact of Brexit will be negative in the short-term and 59% believe it will be negative in the long-term.

Furthermore, as the EU-UK negotiations intensify, 64% of business leaders don't think an EU-UK trade deal will be reached before the end of the transition period in December of this year.

Maura Quinn, Chief Executive of the Institute of Directors in Ireland, said the year-on-year findings are "remarkably similar".

"The findings indicate little change in Brexit sentiment since the same quarter in 2019. 

"This is further highlighted by the fact that the majority of business leaders in Ireland (64%) believes an agreement between the EU and UK will not be feasible before the end of the transition period in December," she said.

The research was carried out during the first week of July, amongst its 3,000 members, comprising CEOs and company directors.