Oireachtas Joint and Select Committees

Thursday, 7 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Dan McLaughlin:

Right. No. 2, you're asking me about our forecasts. To put it in context, obviously the forecasts were wrong. But the economy had grown by 5.7% in 2007 ... 5.7%. In the first quarter of 2008, the general consensus view ... that Central ... I produced a forecast saying 2008 the economy will grow at 3% in March. That was exactly the same as the Central Bank's view. Okay? The consensus ... the forecasts that the bank economists were coming out with weren't particularly different from the consensus, which ... you know I think-----

Comments

No comments

Log in or join to post a public comment.