FDI Business Monitor Q1 2023

The most significant development so far this year is the Windsor Framework which represents a new agreement on how to implement the Northern Ireland Protocol. The framework clarifies the conditions for the implementation of the Protocol with regard for the movement of goods to and from Great Britain and Northern Ireland. This welcome development comes amid ongoing high inflation which saw the Consumer Price Index for February increase by 8.5% compared to the same month last year, while food and non-alcoholic beverages increased by 13.1%.