Oireachtas Joint and Select Committees

Tuesday, 6 September 2016

Committee on Budgetary Oversight

Analysis of Economic Forecasts: Central Bank of Ireland

1:00 pm

Dr. Gabriel Fagan:

Yes, we are up at that level, €245 billion, or whatever, as Deputy Broughan said, so basically we have growth of 4% this year and then 3.6% next year from that level. Do not forget that when we talk about growth, we are talking about real growth. To actually get the numbers, we have to add on the inflation and the price deflator effect, which, as Deputy Broughan has pointed out, is not necessarily very large.

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