Ireland on 'inevitable path' to being less competitive, council warns

There is a warning Ireland is on an "inevitable path" to being less competitive.

The National Competitiveness Council has published its annual scorecard report for 2018.

Minister Heather Humphreys

It recognises that the economy is doing well with the jobs market improving, and that the business environment is relatively competitive.

But it says high debt, Ireland's reliance on a small number of exporting companies, and policies which have led to rapid house price inflation and transport congestion are a threat.

Business Minister Heather Humphreys says measures are being taken to improve the country's competitiveness.

"The government is constantly exploring ways in which we can further improve our competitiveness," said Minister Humphreys.

"We are committed to addressing unnecessary high costs where they arise and we have a range of initiatives in areas like labour, property, credit and insurance."

Digital Desk

More in this Section

Jo'Burger restaurants go into liquidation

Kerry Group buys US ‘clean label’ firms for €325m

Irish mortgage rates end the year as most elevated in Europe

Westport emerges as 'Botox capital of the world' as plant sells $4bn of Botox to the world in two years


On the red carpet: Margot Robbie, Saoirse Ronan, Diane Kruger and Cheryl

Raise a glass to Christmas festivities

The best festive desserts to try out this Christmas

Louise O'Neill: It’s important that we’re aware of the historical context of the backlash against feminism

More From The Irish Examiner