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 Kieran O'DonnellKieran O'Donnell (Fine Gael) | Oireachtas source

I join with colleagues in wishing Professor Lane all the best in his new appointment. He mentioned growth rates of 4.9% and 4.7% for 2019 and 2020, with unemployment at 4.9% and 4.7% and wage price levels increasing by 3.4% and 3.6%. There was a report of the ESRI and the Department of Finance on the outcomes of the three potential Brexit scenarios, that is, a deal, no deal and a disruptive no deal. Are the Central Bank's figures Brexit-proof? Is it changing the figures in light of the ESRI analysis, which states that all scenarios will have a negative impact on the Irish economy?

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