Oireachtas Joint and Select Committees

Tuesday, 8 October 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Macroeconomic Forecasting: Discussion with Department of Finance

7:10 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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I do not wish to make the witnesses give a tight prediction, but the fact that the beginning of the budget cycle has moved to October has a significant impact on the retail cycle and there is an expectation that consumer sentiment and confidence will grow after the budget, given that we are going into the final quarter which takes us to Christmas, always the best quarter for retail. Is there any prediction or indication about where the figures will go? I imagine there would be an increase.