ALMOST THREE QUARTERS of Irish CEOs see overseas markets as more significant to Ireland’s economic recovery than the local economy, a survey has revealed.
The new survey by Enterprise Ireland and Deloitte was carried out on 365 CEOs that attended a forum in the Convention Centre, Dublin, yesterday.
72 per cent of CEOs said they believe that greater participation in markets abroad rather than a focus on domestic markets will speed up the economy’s recovery process.
Commenting on the results, Frank Ryan, CEO of Enterprise Ireland said:
The record export sales achieved by Irish companies in recent years clearly show that investing in internationalisation delivers for Irish companies. We continue to support existing Irish exporters in securing overseas business but, knowing the opportunity that’s out there, we are also ramping up our efforts with more potential exporters to help them realise the opportunities that exist for them beyond domestic market.
The survey also identified that only 21 per cent of business leaders believe that Ireland will return to strong GDP growth in 2013 while two thirds envisage that scenario during 2014.
When asked about government promotion of science subjects, 84 per cent said they were in favour of extending the bonus points concept to boost participation in these subjects.
However the survey also revealed dissatisfaction among business leaders with 77 per cent of respondents saying there is not enough investment in science, technology and innovation.