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The Soft Landing Narrative
Alph: We are probably heading towards a further economic low down when it comes to real economic growth. And then on top of it, you're perhaps looking at a inflation slow down as well. This would basicly turn into a nominal growth slow down on a rate of change basis. But we don't have any material evidence yet that the pace of the slow down is going to be very aggressive. Central banks are going to be remly reluctant, i think, to to take the foot of the gas pedal until there is very, very actual progress.