Michael McGrath (Cork South Central, Fianna Fail)
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Mr. McCarthy is saying the growth rate is projected at 0.2% of GDP. At the time of the last budget, it was 1.5% which was downgraded to 1.3% in the SPU. Mr. McCarthy is now saying it is more or less going to be flat, give or take 0.2%, which is difficult to break down further. For next year, the figure has gone from 2.4% in the SPU to 1.8%. Looking at the numbers, people will be surprised to see that the picture on exports is a lot more mixed than might otherwise have been assumed. We are looking at a decline in exports of 0.6% in the current year. Is that in volume or by value?