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Irish firms may be adapting faster to pandemic recovery - EY

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Irish businesses are emerging stronger from the Covid-19 pandemic than their global counterparts, according to new research by EY Ireland.

37% of Irish CEOs surveyed said their businesses have been reshaped positively in some form by the pandemic, compared with just 13% across the world.

The findings suggest that Irish firms may be adapting faster to the pandemic recovery than in other countries. The research also reveals that Irish CEOs are feeling more confident about the future than their global counterparts, with 47% planning to invest more heavily over the next five years to sustain, improve and extend their core business, compared to just 41% of global CEOs.

The survey also found that Irish CEOs are placing slightly more emphasis on investing in existing businesses to accelerate organic growth, followed by investing in digital transformation to position them for the future.

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