Renewed credit crunch 'hits Ireland’s business confidence'

Business confidence in Ireland has fallen in the second quarter of 2013 as access to capital dried up, according to a Global Economic Conditions survey.

The survey, from ACCA (the Association of Chartered Certified Accountants) and the Institute of Management Accountants (IMA), shows that for Q2 2013 35% of the finance professionals surveyed in Irish businesses reported a loss in confidence in their organisation’s prospects.