Prof Martina Lawless

Yes.

So what we're looking at is over a 10 year horizon.

And obviously, when you're looking that far into the future, it's very hard to say anything with great certainty.

So we're not talking really about forecasts.

We're talking about the general trajectory of the economy and then a number of things that could knock it off course.

One of those things is an increase in the Irish economy.

cost base so that we would lose competitiveness against our major trading partners.

We could see that could come from many different sources.

We've already seen the infrastructure gap in Ireland, costs of housing, of utilities and so on.

They could make it more expensive for Irish firms to do and multinationals located in Ireland to compete on the world stage.

And our scenario, which we calibrate as an increase in Irish costs relative to the

Irish economic output, GNI star, by about 3.2% by 2030 compared to the level it would have been at otherwise.

It's still not a bad rate of growth.

It's lower than it would have been otherwise, but it's still...

Apologies.

You're back.

Yes.

So one of the kind of really striking underpinnings of the Irish economy and its growth over the last 10 years has been the levels of obviously foreign direct investment and exports in the Irish economy.

That's driven our growth for a long number of years.

But that means that anything that happens in the international economy is really a very high risk directly impacting Irish growth.