Credit crunch hitting outlook for businesses

Almost half of Irish companies think that the credit crunch is having a significant impact on their business and 86 per cent are less optimistic about the economy than they were three months ago

3rd January, 2009

Almost half of Irish companies think that the credit crunch is having a significant impact on their business and 86 per cent are less optimistic about the economy than they were three months ago, according to the results of a new survey.

The business sentiment survey from KBC Ireland and the Institute of Chartered Accountants found that more than 60 per cent of firms believe that limited access to credit is the main constraint on their...

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