The Government expects economic expansion to move back towards our long-term growth prospects. In particular, the Minister has forecast that, barring a major external shock, real GNP will expand by 3% for 2004 with real GDP growth growing slightly faster at 3.3%. For the years 2005 and 2006, it appears that real GNP may expand by 4% and 4.5%, respectively. As a result, we expect employment to increase by 23,000 next year while unemployment should average approximately 5%. Taking account of the changes in today's budget, consumer price inflation should average 2.5% in 2004, which is a halving of inflation in the space of one year.