The head of the IMF Christine Lagarde has warned that Ireland should prepare itself for international shocks to the economy.
The IMF chief made the comments after meeting the Taoiseach and the UK’s imminent withdrawal from the EU was high the list of topics for discussion.
Ireland is currently experiencing a boom in construction with property prices reaching and even exceeding Celtic Tiger levels. The average house price in Dublin is currently around €370,000 and the country is experiencing the worst housing shortage in the history of the state.
In relation to Brexit, Lagarde said that there will be an exodus of financial firms from the UK to other EU locations.
However, Lagarde also lamented the growing resistance to the EU and globalist Elite that has been exemplified by “populist” movements across Europe such as Brexit and the Italian elections which swept anti-establishment, Eurosceptic parties to power.