Mr. Derek Moran:

It is just the global nature of the economy. Single transactions can have a profound effect on GDP, with a dramatic uplift. 2015 was a case in point. We have not witnessed those dramatic changes in the intervening period but we are vulnerable to them. The Deputy is correct that in terms of the legal requirement, GDP is the measure. When we report to the EU around the fiscal rules and the fiscal compact, it is debt as a proportion of GDP and the deficit as a proportion of GDP.