The mood of the country's chief executives is less optimistic than last year. According to PricewaterhouseCooper's latest CEO Pulse Survey, only 14% of company bosses have a favourable outlook for the country's economy over the next 12 months.
The survey reveals that the majority of Irish CEOs felt that their company revenues (71%), profits (60%) and capital investment (54%) will continue to grow, while 88% said they were happy with the corporate tax regime here.
But three quarters of the survey respondents said they are unhappy with the general cost of doing business in Ireland with transport infrastructure causing particular dissatisfaction.
77% of company chiefs said they were not happy with labour costs, however the majority of them were satisfied with the availability and quality of the labour force.
'While the survey reveals a less robust outlook for Ireland's economy than in previous years, it also highlights CEOs' continuing confidence in our business growth fundamentals, our corporate tax regime and our ability to continue to attract foreign direct investment,' commented Ronan Murphy, a senior partner with PWC.
