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

Minister Heather Humphreys

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.

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

My Job: Marymount serving the local community

Debenhams confirms plans for €230m refinancing

ESB to grow renewable energy project pipeline

Profits and revenues surge at Amazon's main Irish unit


Lifestyle

Bargain buys to add a touch of spring to your home

Finding your tribe

Irish people living in US lockdowns and fearing for the lives of their children

Ask Audrey: What's the story with dying your pubes?

More From The Irish Examiner