Dáil
‹ Ceisteanna—Questions. Oral Answers. - Economic Growth Rate. Economic growth forecasts for 1982–83
Summary
The Minister said the Department forecast 2% real GDP growth in 1982, compared with an actual 1.9%, and marginal growth in 1983, when GDP rose 0.6%.
asked the Minister for Finance the rate of growth forecast by his Department for 1982 and 1983; and the actual growth achieved in the economy.
Comment on this
In 1982 my Department forecast that growth in real GDP would be of the order of 2 per cent. The comparable latest estimate for the actual outturn in 1982 prepared by the Central Statistics Office shows a volume increase of 1.9 per cent.
For 1983, my Department forecast that real GDP would grow only marginally. The preliminary national accounts estimates prepared by the Central Statistics Office indicate a volume increase in GDP of 0.6 per cent.