Companies showing recovery, but Covid impact on business looks set to linger

Nearly 70% of companies say Covid remains their main concern, with energy costs and the cost of overheads close behind

Just over 40% of firms claim to be back in growth mode after the worst of the pandemic upheaval and disruption.

Recruitment, rising overhead costs, and the lingering effects of the Covid pandemic are the main concerns for businesses on the island of Ireland, according to a survey by cross-border development agency InterTrade Ireland.

Its latest survey shows that just over 40% of firms claim to be back in growth mode after the worst of the pandemic upheaval and disruption, with 44% saying they are in a stable condition.