Oireachtas Joint and Select Committees

Wednesday, 7 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Statement of Strategy 2011-2014: Discussion with Department of Finance

3:15 pm

Mr. John A. Moran:

This is not a question of necessarily getting growth figures wrong. There is periodic analysis of external factors and how they play into today's economy. Factors are changing across the rest of the international spectrum, and each of them has a bearing on Ireland. We cannot be sure or estimate what will happen, even today, after the results of the US election in the American economy. What will happen in the US economy will have a very significant bearing on Irish growth levels, and that must be assessed periodically. It may be more helpful for people if projections came out more frequently, as people would not think we are out of line with the current view.