Mr. John McCarthy: That was mainly...: 6 Oct 2015: Oireachtas Joint and Select Committees (KildareStreet.com)

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:

That was mainly because of the 45% decline in the value of housing assets - in other words, house prices.