Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Beggs:
No, we had, I think from around mid-2007, the start of the sub-prime crisis. In the second half of 2007, it was quite clear from a number of leading indicators, from sentiment indicators, that a much slower rate of growth was in train internationally but the change that occurred in 2008 was much more significant and it was very abrupt.
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