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
Liam Twomey (Wexford, Fine Gael)
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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?