Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Doyle:
I don't recall such an examination, Chairman. As I said in my statement, the Department placed its reliance on the consensus forecasts, including forecasts from the Central Bank, the ESRI, which all spoke about a gradual reduction to a more sustainable level, which was assumed at the time to be about 50,000 houses a year.
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