Inflation is decreasing towards the EU average. The OECD's report states that "The Irish economy is operating at or close to full employment and participation rates are now close to the EU average." This places the onus squarely on underlying productivity and the key determinants of the potential growth rate. The organisation stresses the importance of retaining Ireland's attractiveness as a location for investment. I am pleased that, under the negotiations on the Convention on the Future of Europe, it seems as if the right to set our own corporate tax rates will remain reasonably secure in the short to medium term.