Economy sees rapid growth but labour shortages and supply chain issues loom — IBEC

The volume of global trade in 2022 is forecast to be 6% higher than the same period in 2019

8th December, 2021
Economy sees rapid growth but labour shortages and supply chain issues loom — IBEC
The business representative group said the volume of global trade in 2022 is forecast to be 6% higher than the same period in 2019. Picture: RollingNews.ie

Labour shortages and supply chain disruption pose the biggest risk to further growth in the Irish economy next year, Ibec has warned in its quarterly update.

While the economy continues to experience substantial growth, supply chain issues and cost challenges for businesses will remain “well into next year”.

Ibec said today that continued tax take increases — €7.4 billion (13.5 per cent) in the January to November period relative to 2019 and €11...

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