And by acting together, as we have done over the last two years, we will manage and take advantage of them. 1 On 9 June 2022. 2 Five-year forward ILS rate currently stands at 2.3% and three-year-ahead inflation  expectations from the ECB Consumer Expectations Survey shifted from 2.0% to 2.9% in March.
Since the early nineteenth century, various countries have emerged at different times as major forces on the international economic scene. After the Second World War, the world trade order, which had broken down in the 1930s, had to be rebuilt. The war-torn countries of Western Europe were slowly reintegrated back into that order.