CEOs confident of strong GDP growth

Taoiseach Enda Kenny at the Deloitte and Enterprise Ireland CEO Forum. Picture: Jason Clarke

The amount of Irish-based business leaders who feel that the economy will return to strong consistent growth in the next 12 months has more than trebled since this time last year.

Nearly 70% of company chiefs — responding to a survey by Enterprise Ireland and Deloitte — said they expect strong GDP growth to be evident in 2014. Only 21% of respondents to the same survey, this time last year, had such hopes for 2013.

The survey of 420 people — coinciding with Enterprise Ireland’s CEO Forum in Dublin Castle yesterday — also found that 97% feel that Irish businesses can collectively outperform nations of a similar scale in the global economy.

According to Brendan Jennings, managing partner at Deloitte: “The strengthening of business sentiment amongst Ireland’s key business leaders identified in this survey is encouraging to the say the least.

“Ireland is an outward focused economy, so with increasing business confidence emanating from the US and UK economies in particular, it’s not surprising to see similar sentiment amongst Ireland’s key business leaders, many of whom have businesses that expand when these economies grow.”

Attending yesterday’s conference, Taoiseach Enda Kenny said it was very positive to see increasing confidence amongst Irish business leaders.

“As Ireland exits the international bailout this December, the Government will work hard to build on the renewed confidence in Ireland. The challenge for everyone will be to turn increased confidence into more jobs as we seek to get Ireland working again,” he said.


Lifestyle

The Cosmetify Index reveals the cosmetics companies that are generating the most buzz online – and Dubai-based Huda Kattan has the top spot.Huda Beauty tops the 10 ‘most popular’ beauty brands this year

Read the script of Kya deLongchamps’ kitchen-sink drama to set the scene to make an informed choice when selecting this home essentialTake the plunge: Read this checklist before you splash out on your new kitchen sink

SOMETIMES, the journey is more important than the destination. And sometimes, we just want to sit at home eating a bag of jelly beans, while thinking about more jelly beans. Life is only as significant or special as we make it.GameTech: Death Stranding is a divisive, beautiful journey packaged in a cool world

Former Oasis drummer Tony McCarroll tells Richard Purden about the mad times when five Manc-Irish lads became one of the biggest rock bands in the worldNot looking back in anger: Former Oasis drummer looks back at the mad times of one of the biggest rock bands in the world

More From The Irish Examiner