Dáil Éireann - Volume 637 - 26 June, 2007

Written Answers. - Construction Sector.

Deputy Arthur Morgan asked the Tánaiste and Minister for Finance his views on the over-dependence of the economy on the construction sector; and the steps he will take to cushion against the economic effects of any downturn in this sector. [17252/07]

  Deputy Brian Cowen: Investment in construction has been driven by strong activity in the residential, commercial and infrastructural sectors. The residential sector has been particularly strong, with the high demand for housing being underpinned by strong economic fundamentals and a rapidly growing population. A gradual easing back of housing output is envisaged in the coming years, with output levelling off at more sustainable long-term levels. However, commitment to the NDP at 5.4% of GNP, will inter alia, ensure that spare capacity from one sector is available in the other commercial and infrastructural sectors.