An Ennis economist says consumers are right to err on the side of caution, ahead of what could be a “serious bang” for the economy with Brexit on the horizon.
A report by KBC Bank has found that consumer confidence in the Irish economy is at a six-year low.
The index has found that it’s a sharp drop in confidence compared to just a month previous, with Brexit, the jobs market and spending power the main worries among consumers.
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Dr Micheál Collins, who is an Assistant Professor of Social Policy in UCD, says the actions of the Irish government in the coming weeks could shed more light on the situation.
