Four-year plan ‘will not secure Cork’s economic future’

CORK’S business community is not convinced that the four-year plan and the budget will be enough to secure the county’s future economic prospects.

In its fourth quarter survey for 2010, Cork Chamber found business confidence on the increase but businesses believe the country will need an additional injection of demand if the economy is to move to sustainable recovery.

Chamber members’ also believe that some default/restructuring of Ireland’s bank-related debt will be necessary to restore the country’s finances to a sustainable footing.