Some countries with worse ratings are still growing much faster than Fiji like China and India for instance. But these indicators all point to three broad conclusions. First, we are slipping in our world rankings. Second, the world is passing us by. Lastly, they reconfirm that we have a lot of catching up to do.
In achieving these objectives, and in calibrating our response, we had one invaluable asset: our 1/6  BIS central bankers' speeches  large and tested toolkit. This meant that, compared to previous crises, the starting point of our discussion was a widely shared sense of the benefits and costs of the various instruments that we had employed in the recent past.