Oireachtas Joint and Select Committees

Wednesday, 13 September 2017

Committee on Budgetary Oversight

Ex-ante Scrutiny of Budget 2018: Irish Fiscal Advisory Council and Economic and Social Research Institute

2:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I will ask Dr. Lawless this question. She can wear both hats for it. I agree completely with Deputy Calleary about the work the ESRI has done on Brexit and the report published in 2006, which was very clear. IFAC has raised suggestions that the position may be worse than what the ESRI is stating it to be and has said there may be an underestimation of labour supply, in particular due to the way it was modelled in that it was considered from the point of view of a trading partner but that the partnership with Britain and the intensity of labour and trade could make matters significantly worse than what was outlined in the ESRI's research, as bad as things were painted in that report. Do the witnesses concur with that assessment?

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