The political crisis in Northern Ireland could cost thousands of jobs, according to a survey released today.
The survey, conducted by PricewaterhouseCoopers for the BBC, shows three-quarters of the North's leading business figures say the collapse of the Belfast Agreement would destroy economic confidence.
The survey of more than 500 people also found that if current levels of violence escalate, half of the North's local employers will postpone planned investment or cut jobs.
The power-sharing Assembly was suspended last month, and Ulster Unionist leader Mr David Trimble has vowed not to return to government with Sinn Féin until the IRA announces its disbandment.
According to the survey, there is overwhelming support for devolution among the business community. Eight out of 10 chief executives said Assembly control of economic strategy was the best option to advance the Northern Ireland economy.
Employers said that devolution, backed by political stability, peace and foreign investment were the keys to future prosperity.
But with the prospect of a prolonged period of suspension, fewer than three out of 10 business leaders believe the economy will improve in 2003. The rest believe it will stay the same or deteriorate.
The survey, which was commissioned by the BBC, showed widespread support for all-Ireland business links. Almost 70 per cent of business leaders say companies should develop closer links with the Irish economy.