In the emerging economies, growth edged down to an estimated 4.6% in 2018, as a number of countries with elevated current account deficits experienced substantial financial market pressures and appreciable slowdowns in activity.
Handelsblatt: What are you thinking of? Mr Draghi: We have a project in the FSB now where we, as regulators, are looking for a way to reduce the importance of rating in regulation. We must look for alternatives and define other mechanisms. Handelsblatt: But markets need ratings… Mr Draghi: Markets need rating. Investors want ratings.