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flag Irish business confidence drops to pandemic-era low amid rising costs and global uncertainty.

flag Irish business confidence has plummeted to 54%—its lowest since the pandemic—down from 81% in early 2025, according to the Grant Thornton International Business Report, driven by rising labor and energy costs, global uncertainty, and weaker hiring and investment plans. flag Despite strong export growth and a robust jobs market, firms are cutting costs and boosting tech investments to maintain competitiveness, with 38% planning increased IT spending. flag While geopolitical risks are less of a concern than globally, labor costs now constrain 40% of businesses, up from 27% in early 2025.

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