Davos 2023: Interim CEO says housing shortage is seen as issue for clients
“Ireland has seen the knock-on effects of companies making global decisions to let people go,” she said.
Ms Buckley, who was named interim CEO in October after previous incumbent Martin Shanahan quit the organisation, said the general pipeline of prospective overseas investment into the State is “weaker than it was last year”.Total employment in IDA client companies rose by 9 per cent last year to a record 301,475 as the agency won 242 investments, 43 per cent of which came from companies it had not previously worked with.
IDA uses the gathering of global business leaders at Davos every year as key opportunity engage with current and prospective client companies. The Irish economy is widely forecast to slow this year, with the Economic and Social Research Institute estimating that modified domestic demand – which strips out the activities of multinationals in the State – expected to expand by 2.2 per cent, following an estimated 8.4 per cent surge in 2022.
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