I remember, this time last year when the deal between the United States, Mexico and Canada was emerging: that was an upside risk. I mean that could have gone differently. So let’s see what happens. I’m impressed by how the staff go about their forecasting 2 / 11  BIS central bankers' speeches  exercise.
As regards reforms in services markets, for example, policy instruments that could help to boost growth already exist at the EU level. The Services Directive was adopted in 2006. However, it has not yet been fully implemented in all Member States. Nine out of ten new jobs in the EU are created in the services sector.