Oireachtas Joint and Select Committees

Wednesday, 1 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Donal McNally:

Well, the competitiveness was looking at the unit labour cost compared with other countries. A lot of the competitiveness may have been due to compositional shifts in the economy so that, you know, when housing assumed such a greater proportion, the overall competitiveness would have gone down.