Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Well, it's obviously that our ... our unit labour cost increased vis-à-vis our competitors, there's no question about that. But sometimes that's a function of a maturing economy where people are getting to a point where they're able to, you know, have higher wages and you've reached ... you know, you've reached ... sorry, you've reached a plateau in your exports where you've grown to what ... the capacity you have and then you have a, sort of, a less ... it's like the economic growth. Our growth will never be what it was from '98-2002.

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