Jim Walsh (Fianna Fail)

No. There is nothing that I have said that I need to withdraw. The growth forecasts have been halved. Earlier this year, I told the Minister for Public Expenditure and Reform, Deputy Howlin, that we would not, between 2011 and 2015, achieve an increase in GDP of more than an average of 1% per annum. Our GDP now stands at 0.7% and was double that when the forecasts were made. The Government has forecasted growth of 2.2% for next year, increasing to 3%, which is unachievable. This has implications for growth, employment and our sovereign debt.