February 16, 2011
By Staff Reporter
The Small Firms Association (SFA) warned last week that Ireland’s ability to create new jobs was declining, alongside another rise in unemployment.
The SFA said that a significant downturn in employment creation would take place in 2002, with demand for labor down.
“Because of the difficult trading conditions in both domestic and international markets, any loss of competitiveness will have serious consequences in terms of job losses,” said Pat Delaney, director of the SFA.
“The overall trend for the economy is stark despite a projected growth rate of 3.2 percent for the year with a year-on-year increase in the live register of 25,000,” he said.
Tourism was the worst sector to date, said the SFA’s statement, calling it a “disaster.” Because current year income is next year’s investment, the SFA warned that tourism would not experience an upswing for at least three years.
The SFA also warned that inflation was out of control and that the government was not tackling the problem.
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