Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Dr. Dan McLaughlin:
People were looking at what was happening. You can only look at the data. If the economy grows at 5.7%, it would be kind of odd to come out and say, "Actually, it's going to grow at -5%", because that would require an absolute enormous change. Now as it happened, there was an enormous change. If you're ... the consensus view at the time was obviously wrong. I shared that ... clearly I am ... I was wrong ... and the consensus view was wrong.
The ... the other issue you are referring to ... Morgan Kelly-----
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