Not the Time to Be Complacent About Protecting Our Competitiveness

Commenting on the publication of the National Competitiveness Council’s Competitiveness Scorecard (21 July 2016), Mark O’Mahoney, Director of Policy and Communications, Chambers Ireland said, “The findings in this report highlight the need for Ireland to tackle emerging price pressures before they escalate and undermine our competitiveness. Increasing cost pressures are in many ways a consequence of our continued economic recovery but with the many external threats to our economy also identified in this report we must focus on protecting our cost competitiveness and productivity to ensure that Ireland remains an attractive place to grow a business and invest.”

“Despite the welcome increase in our global competitiveness rankings in 2016, it is important that Ireland does not become complacent about the growing challenges to competitiveness. We must ensure that we have the strategic infrastructure, skilled workforce and cost base necessary for Irish businesses to compete in international markets and for Ireland to attract labour intensive FDI. ”

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