Oireachtas Joint and Select Committees
Thursday, 19 June 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report 2014: Irish Fiscal Advisory Council
2:45 pm
Kevin Humphreys (Dublin South East, Labour) | Oireachtas source
Professor McHale answered Deputy Spring on the adjustment resulting in a reduction of €1 billion in GDP. There is also a confidence shock for the ordinary punter, which affects whether they spend or save their money. Would he agree that at this stage an adjustment of €2 billion could undermine GDP by a far greater figure than €1 billion?
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