Economy

This study explores the perceptions and preparedness of Irish professionals regarding recession concerns, organizational readiness, and workforce resilience. Drawing on nine semi-structured interviews with experienced Irish professionals representing over 269 years of combined work experience across multiple sectors, the findings reveal deep anxieties about Ireland’s vulnerability to global economic shifts, particularly due to its reliance on U.S. trade, multinational corporations, and foreign direct investment. Participants identified overdependence on the technology and pharmaceutical sectors, limited diversification of indigenous industries, and inadequate proactive planning as major economic risks. The study highlights a tendency among Irish organizations to react defensively through hiring freezes, cost reductions, and delayed expansion rather than engage in strategic foresight or long-term workforce development. Employees are advised to strengthen employability through upskilling, adaptability, and financial prudence, while managers are encouraged to improve communication, scenario planning, and transparency. Organizations are urged to diversify markets and enhance local innovation capacity to sustain resilience. Overall, the study underscores the importance of proactive leadership, employee adaptability, and structural economic diversification for Ireland’s preparedness in future downturns, while calling for further longitudinal and cross-national research to examine evolving organizational responses to recessionary pressures.