Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Mr. John McCarthy:

A country would need to demonstrate to the Commission that it is a severe shock to its economy. That is open to definition. GDP in Ireland is volatile. We have been exposed to shocks in the quite recent past.

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