50,000 fewer jobs will be created here over the next two years if Britain leaves the EU without a deal.
That’s the warning from the Central Bank, which says a no-deal Brexit will have an “immediate and adverse effect” on economic growth and employment.
It’s forecasting growth of 4.2 per cent this year if a deal is reached, but that drops to just 1 per cent if there’s a disorderly Brexit.
The Central Bank says food and agriculture will be the sectors worst affected.
Its Director of Economics and Statistics, Mark Cassidy, says a no deal Brexit would affect job creation for the next decade: