“ A lot of the big Tech companies have gone through large redundancy programs over the past few months and that will have a non-permanent impact on the local economy. The challenge facing many companies now is to right-size their debt and get back to a good underlying basis. ”

Shane McCarthy,
KPMG in Ireland

“ Like other markets, companies in Portugal tend to high levels of leverage that could create challenges down the road. But we are also seeing an inflow of investment into certain older, underperforming assets that are now getting restructured and turned around. ”

Inês Dourado,
KPMG in Portugal

“ Energy-intensive industries like ceramics, paper production and heavy manufacturing are struggling with the energy price increases. Government has provided some support, but there are questions about what these companies will do once the support dries up. ”

Federico Bonanni,
KPMG in Italy

“ The Netherlands is a trading nation with a significant number of head offices. It’s open economy benefits from stability and predictability, but unfortunately the current market is neither stable nor predictable. In order to best deal with the uncertain times ahead, I advise my clients to prepare for a variety of scenarios. ”

Lourens van der Zijl,
KPMG in The Netherlands