Irish businesses hope to grow in markets abroad in spite of Brexit
Written by Robert McHugh, on 17th Dec 2020. Posted in General
Irish businesses are optimistic about growing their market reach abroad in the coming 12 months in spite of ongoing concerns around Brexit.
This is according to a new report commisioned by Grant Thornton which surveyed 10,000 mid-market businesses globally across 29 economies, including Ireland, in in the second half of 2020. The figures are based on survey of 64 Irish businesses for Grant Thornton Ireland.
The research shows that almost a third (31%) of Irish businesses expect to grow their exports in the coming 12 months while just 9% of businesses surveyed said they expected their exports to decrease. In addition, 27% of businesses expect to grow their revenue from non-domestic markets with 16% of businesses also expecting to increase the number of non-domestic markets they sell to.