Oireachtas Joint and Select Committees

Tuesday, 6 October 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Macroeconomic Forecast for 2016: Department of Finance

5:35 pm

Mr. John McCarthy:

No, there is not. For our oil price assumptions we look at the futures markets and what is the market's best perception for buying oil now for delivery in six months. It shows that this will be unchanged relative to this year. I do think it is interesting to ask what is going on and what drove the oil price.

I think there are both supply and demand side factors at work. The growth dynamics movement in China is not as strong.

Comments

No comments

Log in or join to post a public comment.