Global Recession

Investment spending tends to follow the overall trajectory of the economy. So i don't think we're going to see a dearth of investment, but we should by all all expectation see a slowing in inainvestment spending. We definitely had a global recession as one of the scenarios when we put out our mid year outlookin april. And we are very much moving closer and closer to that scenario. There's clear downsight risk to china from their housing situation. The u k. Has its own idiosyncratic issues, let's say. Ah, i think it's too soon yet. Tough here e call rsession.