Rising costs threatening recovery, NCC report finds

Ongoing increases in domestic costs — such as wages, utility prices, property and business services — pose a large threat to the country’s sustainable recovery, the National Competitiveness Council (NCC) has warned.

Rising costs threatening recovery, NCC report finds

In its ‘Costs of Doing Business in Ireland 2016’ report, the Council said that while Ireland may not be able to control many external issues that may affect its economic wellbeing, the country must act to enhance its competitiveness in areas where it does have control, namely the domestic economy.

“The recent appreciation of the euro vis-a-vis sterling provides a timely warning about just how vulnerable Irish firms are to external shocks.

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