Menu
27/03/2009
Exporters 'Feeling' The Recession, Says IBEC
The group representing Irish business, IBEC, today said the latest National Accounts data from the CSO confirms conditions in the economy deteriorated sharply in the final quarter of 2008.
Commenting on the data, IBEC Senior Economist Fergal O’Brien said: "The dramatic 8.4% fall in goods exports in the final quarter of 2008 indicates significant weakening in the performance of the traded sector.
"Companies are now experiencing the full force of the global recession," he said.
"In the very short-term, Government must support enterprise and business in order to preserve as much employment as possible during this period of exceptional international turmoil.
"However, in order to be ready to reap the benefits of the global economic upturn, which may materialise as soon as 2010, Ireland must improve its competitiveness."
He added: "This will require a reduction in all prices across the economy."
(PR/BMcC)
Commenting on the data, IBEC Senior Economist Fergal O’Brien said: "The dramatic 8.4% fall in goods exports in the final quarter of 2008 indicates significant weakening in the performance of the traded sector.
"Companies are now experiencing the full force of the global recession," he said.
"In the very short-term, Government must support enterprise and business in order to preserve as much employment as possible during this period of exceptional international turmoil.
"However, in order to be ready to reap the benefits of the global economic upturn, which may materialise as soon as 2010, Ireland must improve its competitiveness."
He added: "This will require a reduction in all prices across the economy."
(PR/BMcC)
Related Irish News Stories
Click here for the latest headlines.
19 January 2009
Teachers Union Calls IBEC Attack 'Scandalous"
The Teachers Union of Ireland is calling on all public-sector employers to reject their membership of the Irish Business And Employers Confederation following what it calls, "scandalous" remarks. The TUI says the employers' body has lost all credibility following its "ill-conceived statements" about the public service.
Teachers Union Calls IBEC Attack 'Scandalous"
The Teachers Union of Ireland is calling on all public-sector employers to reject their membership of the Irish Business And Employers Confederation following what it calls, "scandalous" remarks. The TUI says the employers' body has lost all credibility following its "ill-conceived statements" about the public service.
28 July 2011
'Hangover' Cannot Be Underestimated, Says Drinkaware
The effect of the 'Morning After' cannot be underestimated, says drinkaware.ie ahead of the August bank holiday weekend. The reality is that many people do not think about what they drank the night before when they get in the car the following morning. Fionnuala Sheehan, drinkaware.
'Hangover' Cannot Be Underestimated, Says Drinkaware
The effect of the 'Morning After' cannot be underestimated, says drinkaware.ie ahead of the August bank holiday weekend. The reality is that many people do not think about what they drank the night before when they get in the car the following morning. Fionnuala Sheehan, drinkaware.
31 July 2009
'Signs of Stability' Says Tánaiste Despite Wage Chop Hints
Despite admitting the economy isn't out of trouble yet, the Tánaiste has told business owners that signs of stability are emerging.
'Signs of Stability' Says Tánaiste Despite Wage Chop Hints
Despite admitting the economy isn't out of trouble yet, the Tánaiste has told business owners that signs of stability are emerging.
27 July 2015
Irish Response Needed To Improve UK's Attractiveness To Business - Ibec
Ibec has announced that decisive moves to improve the UK's attractiveness to business in George Osborne's latest budget demand an early Irish response.
Irish Response Needed To Improve UK's Attractiveness To Business - Ibec
Ibec has announced that decisive moves to improve the UK's attractiveness to business in George Osborne's latest budget demand an early Irish response.
20 July 2015
Ibec Slams Proposals By The Low Pay Commission
Ibec has slammed plans by the Low Pay Commission for a 50c increase in the national minimum wage. The group, which represents Irish business, said the case is at odds with all the economic evidence. It also said the increase would heap pressure on companies still struggling to stay in business.
Ibec Slams Proposals By The Low Pay Commission
Ibec has slammed plans by the Low Pay Commission for a 50c increase in the national minimum wage. The group, which represents Irish business, said the case is at odds with all the economic evidence. It also said the increase would heap pressure on companies still struggling to stay in business.
-
Ireland WeatherThis Evening and Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
