My remarks today examine what we have--and have not--learned about this shortfall and what we might expect for business fixed investment over the next few years. I must emphasize that these views are my own and do not necessarily reflect the views of my colleagues on the Federal 1 Open Market Committee.
Also, with so many people in the audience taking a particular interest in the Portuguese economy, it would be remiss of me not to make some observations on the state of the Portuguese economy and the key challenges we face. The European project as we know it is a political endeavour, characterised by waves of integration over the last few decades.