Report Shows Lack of Investment in Infrastructure Threatens Competitiveness

Shannon Chamber is delighted to note that the National Competitiveness Council Bulletin issued today (28 September 2016) reports Ireland’s improved ranking in the WEF Global Competitiveness Report 2016-2017.

“The improvement in Ireland’s international competitiveness ranking by one place to 23rd, largely due to our improved macroeconomic environment and stable fiscal performance, is a welcome move. However, protecting and improving all aspects of our international competitiveness is vital to our ability to attract investment. The fact that Ireland’s infrastructure score has dropped in ranking by two places this year is worrying and is an issue that we have continually cited as being of concern, particularly with regard to the completion of the M20 motorway to Cork and linked Foynes Port to national routes.

“We would hope that Budget 2017 will address these competitiveness issues as this Report highlights the importance of investing in the infrastructure necessary for our economy to grow, ” stated Shannon Chamber CEO, Helen Downes.

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