Irish small to medium sized enterprises (SMEs) are facing a volatile and uncertain 2017, agreed panellists at an SME finance event held by independent finance provider Capitalflow this morning.
The event was attended by representatives from Ireland’s SME sector, as well as financial services and banking, including Moneycorp Ireland, Baker Tilly Hughes Blake Solicitors, Origin Capital and Focus Consulting. The main topics which were open for discussion included Brexit, Trump presidency, elections in France and Germany on Irish business and the Eurozone.
The findings at the event highlighted the fact that SMEs which make up the vast majority of all Irish businesses, will be hit hardest by the ramifications of Donald Trump’s election and more importantly Brexit.
Eoin Walsh, Senior Manager at Moneycorp Ireland, said that Ireland is “five times more dependent on the British economy than other EU countries”.
It appears that SMEs need to ensure that they have a concrete business strategy in place to reflect the considerable changes made in international economics and politics.
© 2016 - Checkout Magazine by Donna Ahern