These goods are produced in highly organized global value chains, which were subject to severe disruptions due to restrictions in transport and labor mobility. Industries with shorter safety stocks were hit hardest. More recently, the largest problems have resulted primarily from weak global demand for final goods.
It had been a long way towards this borrower-based measure. The government had rejected the Council's recommendation on lowering LTV limits on interest-only mortgages in 2014, so it was important for the Council that the government would follow a subsequent recommenda-  Page 12 of 23  tion on a borrower-based measure. If not, the Council might lose its relevance.