The chief executive of IDA Ireland has warned that the outlook for Foreign Direct Investment (FDI) here over the next two years looks "very challenging", as the Covid-19 pandemic continues to disrupt global trade.
Martin Shanahan made his comments as the inward investment agency reported a 6% drop in new investments during the first six months of this year compared to the same time last year. "The installed base of investments, those that are already here, have proven to be broadly very resilient, not uniformly, but for the most part much more resilient than maybe other sectors of the economy," Mr Shanahan told RTE News.