Contrary to what was suggested by those who perhaps had an interest in European countries returning to pedalling rather than driving fast cars, the engineers in Europe got down to work to repair the car and make it safer, but also to ensure that the drivers are more cautious, with the penalty of costly fines.
17 However, as you can see in slide 16, we have seen some narrowing of current account balances as a share of GDP in several emerging Asian economies, although in some others, such as South Korea, Taiwan, and Thailand, the surpluses have increased.