Fears multinational downturn would spark Irish brain drain

Threat to Irish economy as slide in exports from major overseas firms could spark new wave of emigration

MIchael McGrath: As things stand, I am confident that we will deliver on our budget day forecast of a surplus of 3 per cent of gross national income in 2023

A significant downturn in Ireland’s multinational sector could spark a brain drain among the country’s most highly educated young workers, the government has been warned in a stark new report seen by the Business Post.

Officials in the Department of Finance warned that a slide in the multinational sector could prompt a new wave of emigration as part of a triple threat to the Irish economy, along with significant hits to both the country’s corporation ...