Firms also suffer higher costs due to infection prevention measures and to rises in prices of imported raw materials with the global economic recovery. I therefore consider that firms' price cuts that aim at stimulating demand will still not be observed widely.
I am going to take advantage of this audience of financial professionals to talk about financial market infrastructure, a subject that affects every single person in one way or another – you, because of the nature of your work, more than others. Usually, when people talk about infrastructure, they think about roads and transportation systems.