skip to main content

Economic report predicts 236,700 new jobs up to 2022

The report also says just 5% of companies in the Republic of Ireland and 3% in Northern Ireland have a Brexit strategy in place
The report also says just 5% of companies in the Republic of Ireland and 3% in Northern Ireland have a Brexit strategy in place

A new report on Ireland's economy predicts that there will be an additional 236,700 new jobs in the period up to 2022 across the island of Ireland.

The report by the EY financial accountancy firm also reveals that 21 financial services companies have confirmed that they will move some or all of their operations from the UK to Ireland following Brexit.

EY says this places Dublin as the most popular post-Brexit location, ahead of Frankfurt, Luxembourg, and Paris.

The report also says that just 5% of companies in the Republic of Ireland and 3% in Northern Ireland have a Brexit strategy in place.

The report projects that the Republic of Ireland is set to enjoy GDP growth of 4.9% in 2018 and 3.8% in 2019.

It also warns that the level of house price and rent inflation is adversely affecting competitiveness.