Irish costs eroding export base, warns IBEC

BOTH IBEC and ISME have expressed growing concerns over the rise in Irish costs that is eroding our export base.

One of the big concerns now is that rising costs have been eroding our competitiveness base for some time.

Some economists excused high inflation on the grounds that a strong economy was bound to trigger some price pressure, which was an acceptable price to pay for rising employment and higher living standards.