There has been a significant decline in confidence in the Irish economy among businesses operating in the 'experience economy'.

That is according to a new survey carried out by employers group Ibec.

More than 70 businesses operating in the sector were surveyed as part of the research, including hospitality, retail, travel, tourism, food, drink, entertainment, the arts, sports and events.

7 out of 10 businesses said reduced overseas demand was a major concern.

The sentiment survey shows that 49% of businesses are now less confident about the economy, compared to 28% six months ago.

To discuss this further, Nuala Mulqueeney as Manager of the Ailwee Burren Experience and Martin Canavan, Moher Hill Open Farm and Leisure Park joined Alan Morrissey on Thurswday's Morning Focus.

Photo (c) Ewastudio via Canva.com