Oireachtas Joint and Select Committees
Tuesday, 15 July 2025
Committee on Budgetary Oversight
Quarterly Economic Commentary: Economic and Social Research Institute
2:00 am
Dr. Paul Egan:
To reiterate what Dr O'Toole was saying, from the work we did earlier in the year, the model has limitations and it will just look at the slowdown of global trade and how that will impact various sectors of the Irish economy. The sectors are quite broad, but if there are targeted measures on sectors that are key to the Irish economy, that would make even more profound the negative impacts shown in the work that we did. If there was a targeted measure on particular sectors that employed many people or paid high wages, there could be a knock-on effect into income tax and corporation tax. That would be seen as an additional risk outside of the realm of what we can actually model.
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