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The Guardian - UK
The Guardian - UK
World
Lisa O'Carroll in Dublin

Trump will not be ‘meteor’ blow to Irish economy, says employers’ group

Business district of Dublin city centre
US multinationals will not quickly shift their investments out of Ireland, Danny McCoy said. Photograph: Paul Faith/AFP/Getty Images

Donald Trump will not be a knockout “meteor” to Ireland’s economy despite its heavy reliance on US multinationals, the head of the country’s business trade organisation has said.

While the US president told world leaders gathered at Davos last week that “Europe treats us very, very unfairly” there is a heightened sense of nervousness in Ireland that this could translate to an attempt to repatriate jobs and taxes from the 950 US companies there.

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