Oireachtas Joint and Select Committees
Wednesday, 21 October 2020
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with Governor of the Central Bank
Neale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source
I apologise for my slight delay earlier as I was caught in the Chamber but I appreciate the Chairman letting me in at this stage. I have a number of quick questions. I want to speak about the economic outlook and the general forecast. In its analysis, the Central Bank allows for a certain amount of a modest recovery. Does this factor in the restrictions that will come into place in the State from this evening or future possible restrictions, as Senator Sherlock referred to? Mention was also made that these growth rates could increase by 2% with a Brexit deal. The concept of the Brexit deal is very vast. We could have a very narrow deal or a more expansive deal. With only a matter of weeks left, it is probably going to be a very narrow deal. What type of deal is the 2% figure based on?
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