Oireachtas Joint and Select Committees

Tuesday, 16 June 2020

Special Committee on Covid-19 Response

Covid-19: Impact on the Fiscal Position

Photo of Mairéad FarrellMairéad Farrell (Galway West, Sinn Fein) | Oireachtas source

The IFAC fiscal assessment forecasted real GDP growth of 8% in 2021. I am concerned this is optimistic, especially considering the possibility of a second wave of Covid-19 and renewed restrictions, as we see in China. Does the favourable forecast assume a UK-EU trade deal will be reached by the first deadline of 31 December?

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