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Irish business confidence drops to pandemic-era low amid rising costs and global uncertainty.
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.
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.
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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La confianza de las empresas irlandesas cae al nivel más bajo de la era de la pandemia en medio del aumento de los costos y la incertidumbre mundial.