An Taoiseach briefing in Ibec, and an economic analysis of Ukraine crisis

The latest CEO Update to Ibec membership from Danny McCoy

Dear member, 

Yesterday, we welcomed An Taoiseach Micheál Martin to Ibec offices in Dublin, for an in-depth discussion on some of the prominent challenges and opportunities facing the domestic economy as we continue to gradually emerge from Covid disruptions. 

The Taoiseach opened his address by complimenting the strong leadership role of Ibec and the broader business community over what has been a challenging number of years on foot of Covid and Brexit disruptions. The Taoiseach acknowledged the resilience and adaptability shown by the business community during this time and welcomed the ongoing collective response between Government and business in addressing some of the key challenges emerging in the economy. 

In a wide-ranging address, the Taoiseach spoke on topics including: the importance of further developing the all-island economy through cross-border infrastructure, research and community projects; ongoing ambition to foster a resilient social dialogue model in addressing the prominent challenges we face as a society; and the desire of Government to work with stakeholders in fostering a job-rich recovery that is underpinned by a transition to a low-carbon economy. 

In what was our first in-house event of its kind in over 2 years. We were delighted to be joined in person by members of Ibec’s National Council, while over 200 members attended virtually. You can watch back on the address here. 

We were grateful that the Taoiseach could accommodate this members’ briefing in Ibec ahead of his attendance at an emergency meeting of European leaders in Brussels, following the unprecedented large-scale assault on Ukraine by Russian forces. While recognising that there are far greater higher order issues at stake in this crisis than economic issues for the global community, Ibec has developed a briefing deck (see attached below) analysing the emerging and initial trade and economic impacts for Irish business of ongoing events in Ukraine. Ibec, together with partners in BusinessEurope, are following developments closely and will be providing updates regularly. 

As always, if you have any queries please get in touch. It is always good to hear from you. 

Regards, 

Danny McCoy

CEO

Ibec