Upturn evading firms ‘in economic limbo’

IRISH businesses said they are not seeing a sharp turnaround in the economy, with many claiming they are in “economic limbo”.

According to the latest KBC/Chartered Accountants Ireland business sentiment survey most firms believe the worst of the downturn has passed but the country is far from a clear upturn.

It also found that the problems in accessing credit remain widespread, with more than half of the firms surveyed suggesting credit constraints were an issue for their business.