Mr. Leo Clancy:

Exposure to the current crisis is different depending on the sector. There are many crises at the moment. One is the crisis of capital availability. I mentioned the tech sector earlier. Many companies in the tech sector that had hoped to raise more capital at this stage of the year or into next year are recognising that it is more difficult for investors to commit capital to businesses. That is true across all sectors, but it is probably most acutely felt in the high-growth, high-potential startups and early-stage companies. That is one angle. The companies affected by the cost-of-living crisis, and energy and inflation costs in particular, are having to think about whether their businesses can continue to be sustainable. I would not rule out that there may be job losses as a result of some of the competitiveness factors. Short time is certainly an option, as are other measures. People are struggling to stay ahead of markets and reprice their goods. If consumer companies and people in the consumer food sector, for instance, cannot reprice their products in overseas markets or even the Irish market fast enough, they may find themselves unprofitable very quickly. That leads to a difficult situation. It is a spectrum going from capital availability all the way down. I will ask Dr. Gibbons to give any additional answers in the context of the micro and SME base. It depends on the sector. Also, markets have contracted. Even though 91% of companies are optimistic that they will see increases in export and general sales, they recognise that it might be a lower figure than they would have hoped to make prior to this.