2 So, from the perspective of our major trading partners, growth has been average for a few years and our assessment is that this is likely to continue over the next two years. 1  See, for example, the November 2014 Statement on Monetary Policy.
National policies to restore debt sustainability First, the countries that have accumulated significant macroeconomic imbalances in the past and that were faced with market-based funding constraints in the context of the current crisis need to adopt policies to restore public debt sustainability, financial stability and competitiveness, thereby recovering their credibility and confidence. This is the case of Portugal.