Economic pessimism high among business leaders

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A new survey from the Institute of Directors shows that more than half of business leaders said they are now more pessimistic about the economy than they were three months ago.

"Business leaders are facing turbulent times, as business confidence plummeted in the first quarter of the year, no doubt impacted in large measure by the invasion of Ukraine by Russia and the many consequences of that war," said Thora Mackey, Chief Operating Officer of the IoD.

But when asked whether there is a limit to the measures that the Government can take in relation to inflation and supply chain issues, 92% expressed the view that there is.

 

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