Survey shows slowdown in growth and hiring; Brexit blamed

Survey shows slowdown in growth and hiring; Brexit blamed

Business owners are less fearful about the future, a new survey has found.

The major new survey shows pessimism about the economy has eased slightly, with the immediate impact of Brexit being less traumatic than expected.

However the KBC/Chartered Accountants of Ireland Business report does identify a slowdown in growth among Irish consumers, reflecting the impact of the dip in Sterling.

Chief Economist with KBC Bank Austin Hughes said: "We're seeing a slowdown in growth and hiring, and I think a lot of that is coming out of Brexit."

However, he said some forecasts of an immediately negative fall-out have not materialised and this means businesses are less fearful than they were.

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