ALMOST three-quarters of local business leaders anticipate rising costs over the next 12 months, according to a new survey.
The Institute of Directors Jersey has published the findings of its third economic confidence survey for 2025, which found that 63% of respondents feel “pessimistic” about the Jersey economy.
IoD Jersey chair Alex Ruddy said this “persistent pessimism about the broader economic environment is a warning sign”.
Just over half of respondents said they were optimistic about their own organisation’s outlook, with 73% anticipating rising costs and 22% foreseeing reduced investment in the next 12 months.
Economic conditions, regulatory compliance, and labour costs and availability dominate concerns, with skills shortages and uncertainty over government investment also rank highly.
Respondents strongly supported reducing public sector spending, stimulating economic growth, and reforming government services.
Mrs Ruddy said: “Ahead of the 2026 elections, we urge policymakers to prioritise fiscal discipline, provide certainty on investment plans, and reduce regulatory burdens. Jersey’s future competitiveness depends on decisive action now.
“IoD Jersey will continue to engage with government and stakeholders to ensure that the voice of business is heard in shaping the Island’s economic future.”
