Increased population impacts on economic performance

TWO economic reviews from the Central Bank and the Economic and Social Research Institute independently knocked the festering notion of a house price bubble on the head.

At worst, a 10% fall in house prices might hit the market down the line said the Central Bank, while the ESRI put the house price shock in the market at no more than 5%.

The house price bubble is a bit like the boom-to-bust debate that has dogged economic commentaries for some time.