Big firms returning to growth, survey finds

The slump across the corporate sector over the past few years is coming to an end as the majority of finance chiefs among large Irish companies say they have returned to growth.

The Deloitte first-quarter chief financial officer survey found seven out of 10 respondents indicated their companies had now returned to growth. And 79% believe that the unemployment rate will continue to drop over the next year.

“Encouragingly, chief financial officers who are feeling more optimistic about the financial prospects of their company attribute this largely to external factors such as the overall economic situation and industry trends. Indeed economic growth in the EU is seen as one of the biggest drivers of company performance over the next 12 months,” said Shane Mohan, partner at Deloitte.