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Leitrim Business Survey - Economy slow down?
3Mar2008 Filed under: Discussion Author: JohnnyThere has been plenty of varying reports with regard to our economy and whether or not it is slowing down. I would like your opinion from a Leitrim business perspective.
UPDATE:
Yes 37% (15 votes) - No 63% (26 votes) - Total Votes:41
3 Responses to “Leitrim Business Survey - Economy slow down?”
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Diane Charles
March 3rd, 2008 at 12:42 pm
Purchasers seem to be very cautious and the feeling among them is to ‘wait & see’.
Stefan Hoare
March 3rd, 2008 at 4:06 pm
There is no doubt there is a slow down, most people are waiting before putting a foot forward
Andrew Hodson
March 6th, 2008 at 1:23 pm
In the manufacturing business we have seen a significant slow down.
I work for a service provider to medical/pharma multi nationals in ireland and they are all locking down the hatches.
Bringing work that was outsourced back in house.
Also contrary to belief that asia is not a real threat, we have seen significant interest in asia with many multinationals sourcing work from there.
The asian manufacturing community is learning fast and being backed by US and european business they have access to all the same resources and training that is available here.
There are still some quality issues but what has taken ireland 20 years to learn the asians are learning ten times as fast because of their work out put.
We do see a groing trend towards centres of excellence and R+D sites still developing and i believe that Ireland will become a global knowledge based service provider.