What's Going on in the Rest of the World?

L i think we've got a very, very changed world. We have a long term inflationary snaro. And l ithink yoot t figure that out. We'd eatt go back to basics. Inflation is not just about the supply chain of lockages we've seen in the last two years. It's not about a sudden shortages that have been created by the coverd backwash. What we're actually seen create real inflation now are some fundamental changes in geopolitical trade patterns. This enormous energy insecurity short hitting europe in particular, but it's going to have knock on effects elsewhere.