Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Beggs:
Very much the same. It was based on experience, what data were available, looking at international trends, some forward looking indicators. There were quite a few indicators that were used in the financial markets, that had very good predictive ability for GDP over one or two quarters, and I'd say that was pretty much it.
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