UK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank says

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UK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank says via IrishTimesBiz

Edmond Scanlon receives the lifetime achievement award on behalf of Kerry Group at the Asia Matters Business Awards in Dublin in 2018 presented by Asia Matters chairman Alan Dukes and Martin Murray, its executive director. Photograph: Nick BradshawOpportunities for Irish firms in the UK are likely to be “severely limited in the foreseeable future” as a result of the UK’s currency crisis, the head of Asia Matters, a Dublin-based think tank, has said.

Martin Murray said many firms here were stuck in what he described as an “English-language mode” when the focus should be on emerging markets, particularly in Asia. “Half the world’s wealth is created in the Asia marketplace, and that’s where our businesses should be focusing their energies on,” he said, noting the combined gross domestic product of Asian countries excluding China is forecast to grow by nearly 6 per cent over the next six months.

Mr Murray was speaking at the launch of Asia Matters Asia Business Week Ireland, a series of cross-country events to attract inward investment from, and encourage exports to, Asia.

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