Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Beggs:
Sorry, Mr. Chairman, this is the result of a short-term ... short-term forecast which is not ... it is not model-based.
They are, I suspect, as in line with most forecasters in Ireland, they are put together by reference to the availability of information, the availability of international forecasts about Ireland from international organisations. And they are, I suppose, informed opinions based on the information that we have at the time.
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