Oireachtas Joint and Select Committees

Tuesday, 8 December 2020

Committee on Budgetary Oversight

Post-Budget Analysis: Irish Fiscal Advisory Council

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Dr. Lawless is referring to a 3% reduction in GDP with a free trade agreement and that that would double in the event of a hard Brexit. I am surprised it is not more. While 3% is a sizeable reduction, Dr. Lawless has stated it will be only 6% if there is no free trade agreement. I would have thought the differential would be much higher.

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