Results 6,561-6,580 of 26,037 for speaker:Kieran O'Donnell

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Where does Professor McHale see the risks to the Irish economy? The council has reached a consensus following deliberations. What is the underlying reason for its decision and where does he see the risks to the Irish economy in the next 12 months?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: As a small aside following on from Deputy Michael McGrath's questions, what level of growth rates would Ireland need to enable the meeting of the targets post-2015 without needing to have adjustments? Has the council considered that type of analysis? I mean the growth rates required to meet the balanced budget. Deputy McGrath made reference to the Government's growth path figures. Did the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Does the council concur with that projected level of growth?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: He certainly put it back when he was saying "whatever number of months."

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Time is running short.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Deputy Doherty's i-Pad is interfering.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Tell us what you really think.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: How would that fit into the Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: I think it is time to conclude.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Deputy Boyd Barrett is going on a charm offensive.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Is the indigenous sector underdeveloped relative to the multinational sector?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: The Deputy is asking whether a situation in which wages have declined sets a precedent for wages to decline throughout the economy, bringing about wage deflation, and whether Professor Barrett is worried about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: There is a Europe-led initiative on standardising the measurement of GDP, and yesterday the Minister told the committee it might boost the measurement of Ireland's GDP. Has the council been following it and would it be a bonus? How does the council see the possibility of deflation in the eurozone impacting on Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: What impact will it have on the deficit in 2014?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: The 3% would go to just below 2.9%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: What about deflation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Does the council have major concerns about the possibility of deflation? Is it a risk for the Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Regarding the wedge between our GNP and GDP compared to our employment growth, it is said that the disparity is due to the patent cliff. While we had effectively no growth last year, our GNP grew by approximately 3.4%. Nobody has ever done a proper analysis. We appear to get very little credit for it, yet it is probably a better measure of real growth in the Irish economy. Has it been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Is there a danger that we are not getting a little bit of substance over form? Should we get some form of weighting for the fact that our GNP is so far ahead of our GDP, based in Ireland's unique set of circumstances regarding the patent cliff?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Fiscal Assessment Report 2014: Irish Fiscal Advisory Council (19 Jun 2014)

Kieran O'Donnell: Point taken.