Recession incoming, multinationals are not spending now in terms of capital investment.
Holland won 3bn of pharma investment from Eli Lilly, ireland is no longer competitive in terms of wages , talent, production costs such as electricity, insurance, taxes ( bar corp tax ), infrastructure.
The list is endless , we set ourselves up for failure because our political system isn’t pro business. It’s a strange mixture of the hard left like sinn fein and populism like FF in terms of freebies for all like the energy credits.
We need to dramatically cut costs for businesses and build infrastructure but I can’t see it happening, the main parties are full indoctrinated into environmentalism or they would rather spend the money on direct welfare.
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We’ve been hovering between 4.1% and 4.6% over the last 3 years. Going from 4.2 to 5% in 1 year is a decent jump.
The trajectory is more worrying than the number, 5% still on lower side, but the trajectory is on the upswing.
https://preview.redd.it/es2sx4bcofzf1.png?width=900&format=png&auto=webp&s=3357b8f844649cfd10595d836beaf9be45eca1e5
AI is beginning to take jobs.
Another global recession is on the way.
Maybe 3 years away.
Recession incoming, multinationals are not spending now in terms of capital investment.
Holland won 3bn of pharma investment from Eli Lilly, ireland is no longer competitive in terms of wages , talent, production costs such as electricity, insurance, taxes ( bar corp tax ), infrastructure.
The list is endless , we set ourselves up for failure because our political system isn’t pro business. It’s a strange mixture of the hard left like sinn fein and populism like FF in terms of freebies for all like the energy credits.
We need to dramatically cut costs for businesses and build infrastructure but I can’t see it happening, the main parties are full indoctrinated into environmentalism or they would rather spend the money on direct welfare.