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
2:15 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Okay. As Mr. Moran will be aware, earlier today the European Commission again downgraded Ireland's growth forecast for the current year to 0.4%. The Department is still forecasting a rate of 0.7%. The Commission has predicted a rate of 1.1% for next year, while the Department is still predicting a rate of 2.2%. Is Mr. Moran in a position to advise as to the Department's revised forecasts for this year and next?