With such a policy mix, I see no reason why we cannot lift both actual growth and trend growth back to more satisfactory levels. 1/2  BIS central bankers' speeches  Given the distance-to-frontier of many euro area economies, there is significant scope for a productivity catch-up with the right supply-side policies.
Finally, I will address some of the potential macroeconomic implications of the UK’s decision to leave the EU and exit the Single Market, for both the UK and Irish economies, and for Ireland as a location for financial services. History of centres for capital The fortunes of centres for capital change.