The anticipation of an expected cyclical improvement should not lead to a weakening of efforts in this regard, but rather it should be used as a welcome opportunity to make convincing progress.
Indeed, the majority of SMEs in every industrial sector in Ireland were loss-making in 2020, according to the survey data that you will see presented today. A key question for policymakers and firms is to identify businesses that are viable and can operate into the future, and those which will not be able to.