Republic facing stiffer competition for foreign investment amid global geopolitical shifts
There is “limited” space for the Government to deliver a “giveaway budget” this year, employer’s group Ibec has said, due to existing spending commitments and its self-imposed spending rules.
With the focus in the US and the UK increasingly moving towards the protection of domestic industries, “trade uncertainty” is intensifying amid “aggressive competition for investment by big states”, Ibec said. Speaking to reporters on Wednesday, Ibec chief economist Gerard Brady said there was a “lack of coherence” and co-ordination between Government departments in the implementation of new rules affecting companies.
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