Second election 'would damage economy'

A leading economist has warned a second election would have a negative impact on the Irish economy.

Second election 'would damage economy'

A leading economist has warned a second election would have a negative impact on the Irish economy.

Chief economist with Kleinwort Benson Investors Eoin Fahy said further political uncertainty would damage the confidence of the international business community in Ireland.

However, he said if a minority Government is formed in the coming weeks there is no major threat to our economy.

He said: "They'll go back to worrying about a really big change in policy, for example if the far left were to have a bigger influence on the next government, which is not likely in this government.

"There is uncertainty out there…A second election could precipitate a further wave of uncertainty and damage to the economy."

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