This point to prospects for sustained high growth in future, given the existing level of investment in the economy, coupled with upward trend in domestic savings. •  A noteworthy development during the recent years has been the continued recovery in manufacturing sector.
This harmonisation has allowed supervisors to converge towards common benchmarks in how they assess risks; and it has helped them to be consistent in how their risk assessments are then linked to supervisory capital add-ons and other measures. To illustrate the difference this has made, in 2014 the correlation between SREP scores and Pillar 2 capital requirements was 26% in the euro area.