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The CIF will continue to monitor the impact of Brexit on the Irish construction industry.
The ramifications of this result are likely to see some reduction in GDP in Ireland, our largest market the UK and the potentially across the EU.
The Irish Government must engage with the UK and the EU to ensure that as much certainty as possible is brought into the process. Information on the UK’s next steps and the timeframes involved are vital for Irish construction businesses to measure risks in the coming months.
Regardless of any reduction in growth forecasts, arising from the referendum result, the Irish Government must now prioritise even more strongly the public capital programme. This is an investment in the long-term viability of the Irish economy. The positive impact of investment in infrastructure is one of the only economic certainties in this current period of uncertainty.