National Competitive Council: Growth risks ‘serious’

The country’s competitiveness watchdog has warned that Ireland’s economic recovery and the Government’s commitment to reaching full employment are under “serious and imminent threat” amid an increasingly uncertain global outlook.

The National Competitive Council (NCC) warned that some previously favourable global economic conditions are beginning to turn against Ireland’s economy with Brexit exacerbating the risk to Ireland.

While the economy continues to benefit from external factors such as the weak euro, low energy prices and gradual recovery in key export markets, efforts must be “redoubled” at national level to improve competitiveness and stave off the threat to economic recovery.