Oireachtas Joint and Select Committees

Tuesday, 26 March 2019

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

Central Bank of Ireland: Discussion

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I will begin with Brexit. The most recent estimates relating to this matter are from the joint paper on the impact of Brexit on the Irish economy in three different scenarios issued earlier today by the ESRI and the Department of Finance. While these estimates are pretty stark, is it not fair to state that they are in the aggregate and that if we drill down into the detail, as Professor Lane has acknowledged, it is obvious that the impact on certain sectors - agriculture, agrifood, indigenous manufacturing - and the regions would be far more acute than the overall numbers indicate?

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