Brexit Could Lead to 33% Drop in Irish Services Imports
The article looks at how trade in services is influenced by factors like the size of trading partners and their distance. Being part of the EU boosts services trade by 26%, with some sectors benefiting more than others. If the UK leaves the EU, Irish services trade with the UK could drop by 33%, especially in insurance and telecommunications. Overall, this could lead to a 3.5% decrease in imports and a 9% decrease in exports for Ireland.