Mr. Pádraig Dalton:

I would say it is unlikely that we will see another 26% increase. However, as I think I mentioned earlier on, the relocation of IP did not just happen in 2015. This has been a trend that we have seen in Ireland for very many years. The difference in 2015 was the absolute scale of it. I might eat my words and I had better be careful because I am on record, but it is unlikely that we will see a change of that scale again.

It is possible that we will see another of what we would call a level shift in the level of GDP or GNP, as long as the environment that gave rise to the current level shift continues to pertain in Ireland.