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

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

If one looks at what the Irish economy has gone through, 0.5 may not be the optimal figure. If €2 billion was taken out of the economy at this stage, the effect on GDP could be far greater than €1 billion. I accept that it is a question of forecasting and there is no specific figure.

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