Now, Russia's invasion is weakening growth prospects in the euro area. However, we should keep this in perspective and bear in mind that Russia's share of the world economy was less than 2% before the outbreak of the war.
Even so, it has been an enormously rewarding experience for us as individuals and for the RBI as an institution. We learnt more this way than what we could have by reading hundreds of reports and attending scores of meetings and conferences. And what is more, it was a lot more fun than sitting in air-conditioned offices in skyscrapers.