Ireland will bear the brunt of a “Brexit” more than any other U.K. trading partner, according to a “sensitivity index” from U.S. ratings agency Standard & Poor’s.
The ratings agency’s index, released this week, measured goods and services exports to the U.K. from 20 countries most exposed to a potential exit from the European Union – looking at their economies, migrant flows, financial sector claims on U.K. counter-parties and foreign direct investment in the U.K.
British citizens are set to cast their vote on June 23 in a EU referendum to decide on whether the UK should stay in or leave the 28-member bloc, and according to the report, Ireland is the economy that will be most “susceptible to any trade and migratory aftershocks from a decision by the U.K. to leave.”
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