Dr. Martin O'Brien:

In general, there was always going to be issues around commodity markets, namely, sensitivity of certain energy products and other key commodities that factor into price developments here. Taking that over the more medium term, there are also the issues around more extreme weather events. Basically, we are going to be in a world where supply-side shocks, which lead to higher levels of volatility and vulnerability in supply chains, are likely to be more frequent. To navigate that world, you need to have buffers built within your domestic economy to try to ensure you are able to steer through those challenges.