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Brexit, Brexit, Brexit…

Unless you have been living under a stone, you will have heard all about the seemingly shocking decision the UK has made to leave the EU. So lets take a look at things one week later:

The Irish Times has looked at the post-Brexit aftermath from the perspecive of four key metrics: shares, currencies, bonds and gold. These graphs really do demonstrate the profound impact that was immediately felt.

Brexit has raised much concern over the potential impact it may have on our economy, particularly the Irish Retail Sector.  Retail Ireland’s Thomas Burke explains the possible risk Brexit poses to Shelflife magazine:

Retail sales growth continues, but Brexit poses real threat; Retail Ireland 

Though it may not be all doom and gloom. Have we stopped to consider the possibility that Brexit may (possibly, maybe!) sway in our favour? This article by Mark Paul for the Irish Times weighs up the possibility that Irish branches of big UK retailers may become ‘sweet spots’ for UK based, parent companies!

Just one week into its’ aftermath, the question remains; will Brexit will have the projected, devastating consequences for Irish Retail? Or could this political move in some ways, bear fruit for our Irish economy?

 

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