A more genuine reason for some discomfort is perhaps that, despite vigorous global growth in total, there is a feeling that it is a little lop-sided, with some areas participating less than fully. The euro area, for example, has struggled to “gain traction”. 1  As measured by the IMF's PPP-weighted approach.
His rationale was simple: the note had to be prepared over the Christmas season, and the much younger member of staff who would otherwise have to do it would be much better occupied at home with his family. BIS Review 2/2008  3  Well, that is all I wish to say.