"Government called on to take urgent action and support 'the backbone of the Irish economy'"
"Irish small and medium enterprises (SMEs) have burned through their reserves of cash and favours from suppliers and are heading for a 2012-style crisis with major jobs implications, according to one of the country's top accountants."
"This "silent slowdown" is a major threat to jobs, with unemployment having already crept up from 3.9pc to 4.9pc, according to Neil Hughes, CEO of Azets Ireland, which advises around 4,000 Irish business."
Irish small and medium enterprises have burned through reserves of cash and favours from suppliers and face a 2012-style crisis with major implications for jobs. The economy is experiencing a 'silent slowdown' that represents a significant threat to employment. Unemployment has already risen from 3.9% to 4.9%, reflecting growing strain. Azets Ireland advises around 4,000 Irish businesses and highlights the precarious position of SMEs. Urgent government action and support for small and medium enterprises are necessary to prevent widespread job losses and protect the firms that form the backbone of the Irish economy.
Read at Independent
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