Business Irish

Saturday 21 October 2017

Overseas markets more important to our recovery, CEOs claim

Ireland's reliance on domestic demand should be a thing of the past, Irish chief executives believe.

A new survey by Enterprise Ireland and Deloitte found that 72pc of Irish CEOs see overseas markets as far more significant to Ireland's economic recovery than the local economy.

The survey was carried out on 365 CEOs registered to attend the Ceo Forum in the Convention Centre, Dublin, hosted by Enterprise Ireland and Deloitte.

The survey also identified that only 21pc of business leaders believe that Ireland will return to consistent strong GDP growth in 2013, while 67pc envisage that scenario during 2014.

"There is a growing realisation within Irish businesses that even relatively small firms need to be more focused on the opportunities abroad and less on the traditional home market," said Brendan Jennings, Managing Partner, Deloitte.

Export

Frank Ryan, CEO of Enterprise Ireland, added: "The record export sales achieved by Irish companies in recent years clearly show that investing in internationalisation delivers for Irish companies."

The vast majority of respondents (92pc) said that they supported the Government's stance on trying to promote greater participation in honours Leaving Cert maths.

When participants were subsequently asked whether the Government's endeavours should be extended to science subjects, 84pc said that they were in favour of extending the bonus points concept to boost participation in these subjects.

Irish Independent

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