Oireachtas Joint and Select Committees
Wednesday, 5 December 2018
Committee on Budgetary Oversight
Fiscal Assessment Report November 2018: Irish Fiscal Advisory Council
2:00 pm
Dr. Martina Lawless:
I want to add a comment. I am sure members know that I also work at the ESRI, which is deeply involved in many of these forecasts. The type of modelling the ESRI has done and the scenarios are based on a long-term effect and the long-term impact Brexit will have on the Irish economy once it has happened. One of the issues that we and the Department of Finance raise as a risk is that we do not even know the timing of when Brexit will happen and while the long-term estimates might be exactly on point, the precise transition mechanism of how quickly that would come into play is still very much unknown.
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