Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

As I understand it, the section of the report in question refers to potential imbalances in the economy that could lead to overheating. As I have told the Deputy, if the economy was to overheat - a case he is not making - measures would have to be considered with regard to credit and spending within the economy to slow down such overheating. I am strongly of the view that we need to be clear on the effects Brexit will have on our economy before we get to any such point. The Deputy referenced the quarterly report of the ESRI published last night or this morning. Its growth forecasts are broadly in line with the forecasts I published for a no-deal scenario. It is indicating that, in the event of a no-deal Brexit, our economy's annual growth rate will probably be 1%. In the latest set of figures I published - I have updated the figures throughout the year - we indicated that the growth rate will be approximately 0.7%. I have been open with the House in publishing my own analysis on the effects of a no-deal Brexit. The ESRI figures are similar to that analysis in some respects.

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