Optimism recovers among small business since beginning of 2024

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Neil Hughes, chief executive of Azets Ireland, said the degree of optimism among mid-market Irish businesses was positive against the backdrop of a challenging few years

Businesses in the Republic are the second most optimistic in the region, ranking behind Denmark, with Irish respondents rating their economic prospects at 6.1 out of ten.Employers score poorly on interview feedback As we look ahead to Budget 2025, it is important that growth in the mid-market is nurtured and encouraged over the coming monthsSmall firms employing 10 to 49 employees scored 6.5 out of 10. “The positive sentiment among SMEs may reflect a lower level of concern regarding warehoused tax debt, lower levels of inflation, and a positive outlook for economic growth,” the report said.

“Despite facing higher labour costs, increased costs, higher levels of regulation and the payment of warehoused tax debt in recent times, it is positive to see the growing levels of optimism among ambitious owner-managed businesses,” said Neil Hughes, chief executive of Azets Ireland. “As we look ahead to Budget 2025, it is important that growth in the mid-market is nurtured and encouraged over the coming months.

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