Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Aidan Walsh:
That is correct but also the economic environment was significantly worse than people involved in this work, or involved in working with us, anticipated at that time. And I'll go back to the 7% fall in GDP and the 15% unemployment rate that transpired through 2009-2010, compared to what the Government's own forecasts and the Central Bank forecasts were-----
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