Cost of Doing Business Report highlights challenges for next Government

The National Competitiveness Council’s ‘Costs of Doing Business in Ireland 2016’ report published today (21 April 2016) highlights the many risks facing Irish economic growth and the need to address cost competitiveness in our economy.

Commenting on the publication of the report, Mark O’Mahoney, Chambers Ireland said, “This report is a reminder that despite continued recovery the Irish economy is particularly vulnerable to external factors outside our control. The next Government must continue to address the cost challenges in our economy to ensure that Ireland is less vulnerable to global economic threats by taking decisive action to address costs within our control.  

“The next Government must focus on delivering an improved economic environment to support continued job creation and to enhance our economic competitiveness. Ireland’s economic future requires urgent investment in housing to address the rising property costs which have been fuelling rising wage demands in urban areas.”

For more information go to the National Competitiveness Council’s website: www.competitiveness.ie