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

8:00 pm

Photo of Liam TwomeyLiam Twomey (Wexford, Fine Gael)
Link to this: Individually | In context | Oireachtas source

A few years ago, someone talked about the economy reaching a certain level of stability, leading to pent-up demand in the economy. The idea is that people have a significant amount of money, up to €3 billion or €4 billion, that is not rainy day money or money to reduce debt.

If people saw stability they could start spending this money in the economy and it could lead to growth or certainly contribute to the GDP in a positive way. What are the views of the witnesses on this thinking?