credit rating. what we have seen over the past year especially, these companies have been holding up remarkably well in spite of all this. we have not seen a lot of downgrade or defaults or bankruptcies, and it has not been as material as it was once thought to be last year. just material as it was once thought to be last year-— be last year. just in terms of the us, what be last year. just in terms of the us, what is _ be last year. just in terms of the us, what is your _ be last year. just in terms of the us, what is your reckoning? i be last year. just in terms of the | us, what is your reckoning? what be last year. just in terms of the i us, what is your reckoning? what are the chances of the state stepping into recession? t the chances of the state stepping into recession?— into recession? i wish i had a c stal into recession? i wish i had a crystal ball— into recession? i wish i had a crystal ball and _ into recession? i wish i had a crystal ball and could - into recession? i wish i had a crystal ball and could give i into recession? i wish i had a | crystal ball and could give you into recession? i wish i had a i crystal ball and could give you the perfect answer. i think right now, it�*s a little bit too early to know. the markets are still very volatile and inflation is unpredictable and it�*s incredibly sticky. i think right now, any possibility is really open. i think the markets are bracing for recession in the united states. ., , , ., ., states. olivia, we wish you did have a c stal states. olivia, we wish you did have a crystal ball. _ states. olivia, we wish you did have a crystal ball, but _ states. olivia, we wish you did have a crystal ball, but great _ states. olivia, we wish you did have a crystal ball, but great of— states. olivia, we wish you did have a crystal ball, but great of you i a crystal ball, but great of you to talk us through. thank you. here, the bank of england
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