Oireachtas Joint and Select Committees

Tuesday, 6 October 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Macroeconomic Forecast for 2016: Department of Finance

6:00 pm

Mr. John McCarthy:

No, that is purely in nominal terms. What is included is the value of housing assets. I am sorry, it does include the value of housing. It also included the value of housing on the way down. Does the Deputy understand my point?