Oireachtas Joint and Select Committees

Tuesday, 15 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Irish Stability Programme Update: Minister for Finance

7:25 pm

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The paragraph to which the Senator is referring states:


It is important to stress that upside risks also exist on the domestic front. Firstly, economy-wide investment remains at close to record low levels. While the baseline scenario assumes a recovery in the investment-to-output ratio over the medium term, a more rapid 'normalisation' is possible. Secondly, employment growth has surpassed even the most optimistic expectations over the past year or so. Stronger-than-assumed employment growth would have a favourable impact on household income ...
I believe the figure is dealt with but beyond getting into a "He said, she said" debate with the Senator, which I do not want to do-----