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-----
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