COVID-19 PUSHES SMALL IRISH BUSINESSES TO THE LIMIT – BUT VIABLE FIRMS HAVE BEEN DIGITISING ACCOUNTS TO SAVE MONEY
November 2nd, 2020
The COVID-19 pandemic has decimated revenues at many Irish small-and medium-sized enterprises (SMEs) but it could also prove a crucial period in the embrace of digital technology by firms. Irish SMEs are facing a collective annual revenue shortfall (where income fell below expenditure) of between EUR10.3 and EUR11.7 billion in 2020 due to the virus, according to research by the Central Bank of Ireland. Research by Ireland’s Economic and Social Research Institute puts the figure for 2020 at between EUR8 billion and EUR15 billion of which up to EUR8 billion is ...
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