Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Joint Oireachtas Committee on the Implementation of the Good Friday Agreement

Finance and Economics: Discussion (Resumed)

Mr. Fergal O'Brien:

I thank the Deputy and other members of the committee for their ongoing support for the work we are doing on the all-island economy and all of the research we are conducting. On the model, we have not confirmed a publication date. We will be finishing it in 2024. Much of the detailed technical work has been done. At this stage, we are able to run simulations of actual developments in the economy and the model is matching up with that quite well. On the basis of the data, the components of the model are being built. We are doing it sector by sector. We are looking at the labour market and the impact of fiscal measures on all of this. It is telling us what we hoped it would tell us. It seems to be working, which is positive. There is a lot of testing and further development to be done. We hope to bring forward further research in 2024 and ultimately to roll out those workshops we spoke about to discuss the model with people.

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