Oireachtas Joint and Select Committees

Wednesday, 20 March 2024

Committee on Budgetary Oversight

Stability Programme Update: Discussion (Resumed)

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein)
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How should we use the employment data as a sign of economic strength? Dr. Kelly says there is an increased labour force and the low unemployment rates we see across the board. I do not know any state that does not have low unemployment rates at the moment. Are we overreliant on the low unemployment rates to give us a narrative that everything is okay? Looking at that, what are the bigger risks that the Central Bank would see at the moment? There is an acknowledgement of our overdependence on a small number of FDI companies. What are the other risks?