Oireachtas Joint and Select Committees

Wednesday, 1 March 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Challenges Facing Small and Medium Enterprises: Discussion

Mr. Neil McDonnell:

It is really important to understand exactly what we are saying. We are absolutely not knocking FDI. We have members whose only clients are FDI businesses. That is not the issue at all. I apologise if I gave any impression to the contrary. We are talking about the mix. We are saying that on the Central Statistics Office, CSO, data, assuming they will be reflected when we see the gross domestic product, GDP, and gross national income, GNI, figures for last year, we are looking at a post-Whitaker situation. We are going back to 1958. We have had a massively successful injection of foreign investment.