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Q1’s post-Covid ebullience evaporates at rate of knots

Richard Curran


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Welcome to a bumpy ride. Photo: Depositphotos/Stock image

Welcome to a bumpy ride. Photo: Depositphotos/Stock image

President of the European Central Bank Christine Lagarde takes part at the panel discussion at the World Economic Forum in Davos, Switzerland last month. Photo: /Arnd Wiegmann/File Photo/Reuters

President of the European Central Bank Christine Lagarde takes part at the panel discussion at the World Economic Forum in Davos, Switzerland last month. Photo: /Arnd Wiegmann/File Photo/Reuters

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Welcome to a bumpy ride. Photo: Depositphotos/Stock image

The mood among business people has changed so dramatically in the last couple of months it would make your head spin. Having come through Covid and the horrors of 2020 and 2021, executives and owner managers felt so buoyed at the beginning of the year that they were really looking forward to what lay ahead.

Even after Russia’s invasion of Ukraine, I remember being at a conference event in early March and was a little taken aback at how upbeat everybody was. They had done their budgets and projections for 2022 and were ebullient.


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