The Irish Internet has lost 300,200 jobs since Brexit and the economy is already on the verge of recession, new research has revealed.
The latest figures from the Department of Finance show that the country lost a total of $1.3 billion in net economic activity in the period April-December 2019, which was an increase of nearly $800 million from the same period last year.
These losses were largely driven by the Brexit impact, with a further $500 million of lost activity coming from the impact of the fall in the value of the pound, which has made imports more expensive.
The government has been trying to cut spending, but this has had an impact on the economy, with total economic activity falling in the last year by around 5 per cent.
The department has also noted that the economy has been negatively affected by a reduction in the number of online customers, and a reduction of online payments.
It said the number and type of online businesses has increased, with about 4.7 million businesses in the country.
The report said this was a negative trend that could be offset by the introduction of digital skills training, which will provide a further boost to the economy.
The Government also said it will look at new ways of boosting online employment, and that its Digital Strategy aims to create jobs by creating new digital skills and digital employment opportunities in the private sector.