An Economic Times poll suggests that the Irish economy could suffer significantly if Brexit goes ahead and Irish businesses are hit by higher taxes and higher tariffs.
The poll was conducted between March 17 and March 21, 2017 and it found that 59% of respondents were “very” or “somewhat” likely to be hit.
This means that for the majority of the people surveyed, Ireland could see an economic downturn with its businesses suffering the biggest hit.
The poll found that 71% of people polled thought that “Brexit would be good for the economy, and that the economic impact would be positive”.
However, only 35% of those polled said they were “slightly” or very likely to suffer an economic hit.
According to the poll, the economic fallout could be devastating for those who rely on imports and imports to be cheap.
The survey found that a quarter of the respondents said they “could be very” or somewhat likely to lose their jobs as a result of Brexit.
Meanwhile, one in five people polled said that they were already “in a worse position” than they were when Brexit took place.
On the other hand, a third of respondents said that “it was better than it was”.
The poll also found that 62% of Irish people said they would be willing to work harder in order to ensure that the economy recovers.
However, the poll found only 25% of the Irish people thought that a Brexit would be “good for the country as a whole”, while 46% said it would be bad.
Meanwhile the poll also showed that 51% of all people surveyed said that a recession would be a “real risk” to Ireland, while 32% said they expected it to be “not at all” or a “minor” risk.
On average, the people polled were likely to feel “very angry” when Brexit was decided.
The economic impact of Brexit would also have a significant impact on the country’s unemployment rate, the survey found.
The unemployed rate is at its lowest level in more than 20 years, while unemployment benefits are at their lowest level since records began in 1997.
The unemployment rate in Ireland has been at 7.3% for the past four months.