Dr. Robert Kelly:

That compares quite favourably with other EU economies. Recalling from memory, the projected euro area growth rate is about 1.2% and perhaps slightly lower in coming years. In a European sense, Ireland is growing stronger. That brings us back to the capacity constraint point. Ireland's economy has grown very strongly for the past five years. We are starting from a strong position. This is about positioning ourselves for what the Deputy spoke about - future investment flows - and how we can remain attractive and continue to grow the way we have been.