The Conviction of a Cyclic Recession in the US

Anna attached on two very important things that are different from other periods of recession is low down. The corporates above all in the US, they've entered this very difficult period, actually well equipped with very solid solid balance sheet. And the consumer that we know, for example, in the US is really the big driver of the GDP in the US also entered this very tough period with interest rate rising in very, very good condition. We have never seen so much cash that was injected directly into the pocket of the US consumer, like we have seen in 2020 and 21. But with unemployment solo and wages that are increasing year after year, the consumer can hold up pretty, pretty well.