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Laois Chamber Voices Concern Over Economic Outlook

Thursday, 3 November 2022 10:42

Inflation, energy costs and rising interest rates are worrying businesses across the country.

Businesses in the midlands, and nationally, are under intense cost-pressure heading in to the winter months according to Laois Chamber.

Pressures caused by inflation, energy costs and rising interest rates, has led IBEC to revise predicted growth from 4 to 3 per cent in Ireland next year.

The group says the weakness of the global growth outlook remains the most significant risk factor for the Irish economy in 2023.

Laois Chamber CEO Caroline Hoffman says it's good the Irish economy is showing resilience but overall picture looks concerning:

Laois Chamber believes Ireland is uniquely placed to avoid a recession as many of the country's global partners face a financial downturn.

Laois Chamber's CEO Caroline Hoffman says Ireland's in a better position than most:

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