Ireland business Ireland

'Exceptional growth' in economy despite Covid - Ibec

Reading now: 367
www.rte.ie

Business representative group Ibec has said the economy is going through a period of "exceptional growth" despite Covid and that should allow the worst impacted sectors to be supported through the winter under the Employment Wage Subsidy Scheme.

In its latest Quarterly Economic Outlook, Ibec expects the economy to grow this year by 13% and by 6% next year. Ibec says the biggest barrier to growth in the future will be labour shortages.

It expects costs such as energy to remain high into next year but then to subside. The employers group says the biggest risk to continuing trade growth will be problems in supply chains rather than a lack of demand.

Read more on rte.ie
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA