Oireachtas Joint and Select Committees

Wednesday, 14 February 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Engagement with the Central Bank of Ireland

Photo of Jim O'CallaghanJim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

On the second page of Mr. Makhlouf's opening statement, he referred to growth rates predicted for the domestic economy. The statement said that those current forecasts could be affected by a number of factors, including base effects in the post-pandemic normalisation, which mostly relate to the unwinding of the exceptional level of physical investment in the State by multinational enterprises. What is Mr. Makhlouf talking about specifically when he refers to the exceptional level of physical investment by multinationals? Is this the employment they have created or is it physical buildings they are investing in?

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