IoD: Business confidence 'plummets' as firms battle cost pressures

Ukraine war in addition to energy costs and strains on supply escalate firms' woes

Only 16% of business leaders are ‘more optimistic’ in respect of the economy,

Business confidence “plummeted” in the first quarter amid the fallout of surging inflation, the Institute of Directors in Ireland has warned.  

In a new report, Ireland's top bosses warned that a smaller number of business leaders were optimistic about the outlook for the economy compared with its previous survey.