“Ireland bucks global sentiment and views on some key trends, including on economic, investment levels and climate change action,” PwC said.An increase in office stock, the switch to hybrid working, as well as job losses in the tech sector have contributed to a slowdown in the Dublin commercial real estate market, according to industry expert, John Moran. The CEO of JLL joins Ciaran Hancock to discuss the 13% office vacancy rate driven partly by the increase in 'grey space.
In response to the current economic climate, Irish CEOs are looking to cut costs and spur revenue growth rather than cut headcounts or wages. The impact of the economic downturn is top of mind for Irish CEOs, the survey found, inflation and macroeconomic volatility leading the risks weighing on CEOs.