Oireachtas Joint and Select Committees
Wednesday, 25 January 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Economic Issues: Engagement with Governor of the Central Bank of Ireland
Mr. Vasileios Madouros:
The last time we did our forecasts was back in October and we will update them in March. At the time, as the Governor described in his opening remarks, we saw 2022 as a tale of two halves. For 2023 we saw a deceleration in activity, relative to 2022. This year as a whole will not quite go into negative territory but there will be a significant deceleration. We will update the forecast in the coming weeks but in the broad narrative that is what we think.
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