Pharmacy Pulse Report Q2 2023Analysis of the key trends in the Irish Community Pharmacy sector, prepared by Fitzgerald Power on a quarterly basis. Check it out here.Irish EconomyEY expects Irish GDP to increase by 4.8% in 2023 and 4.3% in 2024. Ireland is expected to outperform many economies around the world in 2023.Irish pharmacy awardsFitzgerald Power would like to congratulate all the winners in this year’s Irish pharmacy awards, but in particular John O’ Shaughnessy of Woods CarePlus Pharmacy on winning the Reckitt Community Pharmacist of the Year Award 2023.Global economic trendsThe OECD has projected global GDP growth of 2.7% in 2023, which is the lowest annual rate since the global financial crisis and pandemic in 2020. Inflation remains high at 6.6% but is projected to fall to 4.3% by 2024.Medicine supply issuesIreland continues to be impacted negatively due to medicine supply issues in the last year, with 60% of respondents to an Azure Pharmaceuticals poll answering they had been impacted by medicine shortages in the past year.InflationInflation in the eurozone was 5.5% in June 2023, a decrease from 6.9% at the end of the previous quarter. Energy prices have continued to drive the decline.Read more of Q2 2023 in the full report which can be downloaded here.Fitzgerald Power is the leading financial advisor to the Irish community pharmacy sector and the leading pharmacy sales brokerage firm in Ireland. We’d love to hear from you so please get in touch if you think we can help.Further Articles Pharmacy Pulse Report Q1 2023Analysis of the key trends in the Irish Community Pharmacy sector, prepared by Fitzgerald Power on a quarterly basis. Read Blog Market Pulse Report Q2 2023Market Pulse is an analysis of the key trends in the SME sector, prepared by Fitzgerald Power on a quarterly basis. Check it out here. Read Blog
