ISLAMIC terrorism, the possibility of a Brexit and increasing property prices are among the main risks facing Ireland, the Irish Government has warned.
The impact of the Greek economic crisis on the country is also a concern, according to The National Risk Assessment 2015.
Britain’s potential departure from the EU could raise significant challenges for Ireland, including the impact on trade relations between the Republic and the North, yesterday's report states.
"We do not pretend that Government can anticipate every risk," Taoiseach Enda Kenny said.
"But by being open to considering the full range of issues that could impact Ireland’s economic and social development, we can ensure that we have a real and mature discussion about the challenges that Ireland faces and how these should be addressed."
Increasing house prices and housing shortages putting people at risk of homelessness is also of major concern to Ireland.
"An important side-effect is that a lack of housing and associated high prices and rental costs could affect Ireland's attractiveness for inward investment and skilled migrants," the report added.
The rise of Islamic terrorism puts Ireland is at risk of possible terror attacks, which would negatively impact on tourism industry.
"Such incidents would be likely to cause extreme disruption in the short term. More damaging might be longer-term reputational damage to Ireland as a safe and secure destination," the report stated.
In addition, turbulence in the Eurozone could raise doubts about the long-term sustainability of the Economic and Monetary Union.
The report, the second to be published, is part of the Irish Government’s plans to prevent the country’s past economic problems from recurring.
