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Is There a Pandemic?
I think on economic policy, the economic policy can have s and goes in waves. There's always a risk of kind of fighting the last war for central banks and fiscal policy makers. My own view is, you now probably more towards the tdeside, that a lot of these things are going to continue to normalize relative to pre pandemic levels. I think we've already seen a sizable amount of normalization. Although it's taken, in a lot of areas it's taking longer than anticipated.