Cost of doing business sees Ireland drop two places in global ranking

Ireland ranked ninth among 33 major economies as a location for private businesses to thrive

PwC predicts insolvencies in Ireland will likely be close to 1,000 by the end of 2024. File picture

The cost-of-living crisis has seen Ireland drop two places in a global ranking as a location for private businesses to thrive.

In its latest update, PwC's EMEA Private Business Attractiveness Index now ranked Ireland ninth among 33 major EMEA economies. While the ranking is a jump from 14th place two years ago, it is a drop from the seventh position last year.