Press Release: 28/9/16 Report Shows Lack of Investment in Infrastructure Threatens Competitiveness

Report Shows Lack of Investment in Infrastructure Threatens Competitiveness 

The National Competitiveness Council Bulletin today (28 September 2016) reported Ireland’s improved ranking in the WEF Global Competitiveness Report 2016-2017.

Commenting on the Report, Ian Talbot, Chief Executive Chambers Ireland said, “We are encouraged to see the improvement in Ireland’s international competitiveness ranking by one place to 23^rd, largely due to our improved macroeconomic environment and stable fiscal performance. Protecting and improving all aspects of our international competitiveness is vital to attract investment but it is particularly worrying, if not surprising, to see Ireland’s infrastructure score drop in ranking by two places this year.

Budget 2017 must address the competitiveness issues that threaten to undermine our economy and risk future growth.  This Report highlights the importance of investing in the infrastructure necessary for our economy to grow. In our Pre-Budget Submission, Chambers Ireland called for greater levels of investment in four key areas of infrastructure: housing, water, transport and broadband. Substantial and sustained capital investment is needed for Ireland to stay competitive.”

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For further information contact Susan McDermott, Chambers Ireland on 01 400 4331, 086 6081605 or email susan.mcdermott@chambers.ie. 

Notes to Editor:

The NCC Competitiveness Council Bulletin on the WEF Report can be viewed here

The Chambers Ireland Pre-Budget Submission can be viewed here

Chambers Ireland – Ireland’s largest business network creating the best environment for members locally, regionally and nationally.