from a very high growth rate to a lower growth rate and moving from being export-driven driven, tonsumption alltry-driven that will entail a degree of volatility. the lower commodity prices are also going to entail a degree of volatility, as well as economic policies around the world and changes coming up in 2016. francine: your biggest concern is a risk of deflation and how banks deal with that? christine: the biggest concern is to make sure that the global economy actually is on track to provide enough growth to respond to the needs of those people who are looking for jobs, those people who are expecting more inclusive and sustainable growth. that is the main concern. francine: and you think this will achieve that? christine: everybody has to do their job. what we have called for is an upgrade of policies. makers havet policy to cooperate more and focus on the right set of policies that will improve the global situation as well as their own domestic position. tom: how do the developed countries maintain confidence and avoid secular stagnation in emerging markets? >> growth would be good.