Majority of medium sized Irish firms retain positive economic outlook 

The report found that a minority of Irish businesses, 17%, believe that geopolitical disruption is going to be a constraint on their ability to grow

Nearly two-thirds of Irish medium sized firms believe they will increase their revenues, profits, and headcounts this year. File picture: iStock

A large majority of medium sized Irish firms have a positive outlook for the economy over the next year despite ongoing international conflicts and the potential turmoil brought about by the US election in November, a new report by Grant Thornton has found.

According to the company’s International Business Report, which surveyed the attitudes of approximately 10,000 mid-market businesses across 28 economies, 73% of Irish businesses have a positive economic outlook compared to the eurozone average of 59%.