Oireachtas Joint and Select Committees

Thursday, 4 July 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018

9:00 am

Photo of Kate O'ConnellKate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source

Okay. If we are in this precarious position, which we clearly are as we are carrying that mountain of debt, and if there is a hard Brexit, we really could be in the depths of a recession worse than we were in ten years ago. Would that be true to say? If there is a 100% chance today and then we have a likely contraction of 10%, that does not seem ideal. Would it be true to say we need to brace ourselves?

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