Oireachtas Joint and Select Committees
Tuesday, 6 September 2016
Committee on Budgetary Oversight
Analysis of Economic Forecasts: Central Bank of Ireland
1:00 pm
Mr. John Flynn:
They relate to the basis on which GDP was calculated. This issue has arisen because the basis on which GDP is calculated has changed, so there has been a move in the statistical methodology to measure GDP from one version of measurement to a new version, which treats things differently. This issue has arisen, essentially regarding 2015, as a result of this.
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