Oireachtas Joint and Select Committees
Thursday, 4 December 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Fiscal Assessment Report - November 2014: Irish Fiscal Advisory Council
3:10 pm
Professor John McHale:
In the Department of Finance's forecast, if one looks beyond this year, it is conservative in what it assumes what the level of contract manufacturing will be next year. The 3.9% growth number is uncontaminated by the contract manufacturing issue. We see a broadening of growth to include domestic demand, but one needs to be cautious of the tearaway growth that might be suggested by the figure of 4.7%. However, that is not to take away the message that there is momentum ibecause there is real momentum in the economy.
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