Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. McCarthy and his colleagues from the Department of Finance. The presentation was very informative and largely positive for the economy, which is good news.

Clearly the significant improvement in exports seems to be the main driver of growth in GDP. To what extent do net exports contribute to the increase in the growth forecast for 2014? At present, the Department is forecasting growth of 4.7%; is that correct?