Mr. Vasileios Madouros:

I would make very similar points. On what has happened over the past two or three years, that is correct. There have been some enormous supply shocks hitting the global economy, including the Irish economy. The pandemic was one and had an impact on global supply chains and then, of course, there were energy supply shocks from Russia's invasion of Ukraine. These are big supply shocks. However, we have also seen demand factors at play. When the economy reopened, we saw a surge in demand for certain types of services that people could not access before.