Warning Over Brexit And Housin...

News

Warning Over Brexit And Housing Hurting Irish Competitiveness

Share this article


There's a warning that Brexit, housing and acquisition of talent are all hurting Ireland's economic competitiveness.

That's according to a new report from the National Competitiveness Council.

Its annual report finds that while Ireland's overall economic performance and competitiveness remains strong, the outlook is less positive.

The NCC says: "There have been some very concerning developments this year, recognised internationally through Ireland's fall in the major global competitiveness rankings."

It says the uncertainty associated with Brexit - and the implications in all areas of economic activity - need urgent action to help businesses adapt "to the shift in the UK trading and regulatory environment."

File photo

On the issue of housing, it says the "severe shortage" of available and affordable accommodation is "a substantial threat" to our competitiveness.

"While the council acknowledges the measures introduced over the last few years to address this challenge, the problem continues to grow, and it undermines our economic development and potential. Fixing this structural vulnerability is not easy and will take time."

It also says Ireland needs to "narrow the productivity gap" that exists between the most productive firms and the 'followers' for sustainable growth for indigenous firms.

And in acquisition of talent, it says "increasing demand and chronic under-investment in the higher education sector is endangering our competitiveness performance."

"This is illustrated by the fact that not a single Irish third-level institution has been ranked in the top 100 in the latest international university rankings for 2018."


Share this article


Read more about

News

You might like

Live: Title

Now playing

00:00:00 / 00:00:00
Added to queue
Removed from queue

On Air

Share

Share

Up next

Episode title
Show
Duration

You currently have no podcasts in your queue.

Go to podcasts

On Air

Overnight

Overnight

12 AM-5 AM

Share

Up next

Early Breakfast with Pamela Jo...

Early Breakfast with Pamela Joyce

5 AM-7 AM

Share

The Ian Dempsey Breakfast Show

The Ian Dempsey Breakfast Show

7 AM-9 AM

Share

Dermot & Dave

Dermot & Dave

9 AM-12 PM

Share

Muireann O'Connell

Muireann O'Connell

12 PM-2 PM

Share

Fergal D'Arcy

Fergal D'Arcy

2 PM-4:30 PM

Share

The Last Word with Matt Cooper

The Last Word with Matt Cooper

4:30 PM-7 PM

Share

Lost in Music with Louise Duff...

Lost in Music with Louise Duffy

7 PM-9 PM

Share

The Paul McLoone Show

The Paul McLoone Show

9 PM-12 AM

Share

Overnight

Overnight

12 AM-5 AM

Share

00:00:00 / 00:00:00

Share on