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Northern Ireland Businesses Weather Economic Storm
Description
Northern Ireland businesses navigate economic turbulence, with low confidence and high risks amidst Middle East conflict and inflation. Supply chains hold, but global prices for essentials surge, impacting farmers, agri-food producers, and tourism. Retailers see price-sensitive shoppers, while engineering and manufacturing hold strong on US orders. Construction stalls, but travel firms note shifts to flexible fares and public transport usage increases. Wage expectations may not keep pace with inflation, as energy volatility and food price jumps loom in September contract talks.
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