Oireachtas Joint and Select Committees

Thursday, 19 January 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Statement of Strategy 2017: Department of Finance

10:00 am

Mr. John McCarthy:

The Deputy does make a good point. One of the biggest medium-term risks to Ireland because it is a global issue is the potential for a negative feedback loop between protectionism leading to low growth and hence to calls for more protectionism, which is essentially what I think the Deputy is talking about in terms of a trade war and greater protectionism and so forth. The priority at the moment is Brexit, as the Deputy can understand.

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