Threats to export market puts economic growth at risk, Ibec warns

Exports fell 4.8 per cent last year after three years of double-digit growth

Gerard Brady, head of national policy and chief economist at Ibec said there needs to be “renewed focus” to “safeguard the export-led growth model”.

An “uncertain and volatile” business environment for Irish companies selling abroad puts the country’s growth at risk, Ibec has warned

The business representative body is predicting GDP to return to growth in 2024 and 2025, rising 2 per cent and 3.4 per cent respectively, after pulling back 3.2 per cent in 2023.

It said weak headline figures for last year were due to “one-off timing factors” around big investment projects and changes in the sales ...