Oireachtas Joint and Select Committees

Tuesday, 23 March 2021

Committee on Budgetary Oversight

Pre-Stability Programme Update: Discussion

Dr. Mark Cassidy:

First, the recovery here and elsewhere will indeed depend on the duration and stringency of the restrictions, both of which depend on how quickly the vaccines are rolled out in an effective way. It is very clear that this is not happening at the same pace everywhere but the expectation is that there will be some convergence in the roll out of vaccines in the longer term. That said, some countries may recover somewhat quicker than others. In terms of our assumptions regarding the recovery of the economy, we see it beginning quite strongly during the second half of the year, which is not out of line with estimates for the rest of the EU. The scope for what the Deputy is describing is limited enough, although we have not done any assessment beyond that.

Comments

No comments

Log in or join to post a public comment.