see is in some of their confidence indicators we are seeing consumer confidence is really starting to be hurt and that will probably affect how people spend in the future. we are also seeing, i suppose, people have been at home for a couple of years. there is quite a lot of thought at the moment that you re actually going to see people wanting to do more things so maybe take a day out with their family rather than by the things that are becoming more expensive. but we really don t know yet how that is going to come through in the coming year. there are so much uncertainty. we could see fuel prices, we think they re going to go up. we don t know what s going to happen with the war. there are so many different factors at play at the moment. thank you very much for your thoughts this morning. let s go to china now where most of the population of shanghai is now under covid lockdown after authorities expanded restrictions
in the west of the city today as cases of the virus surge. people in east shanghai have been forced to stay at home since monday. monica miller has been looking at the potential economic impact of the shutdown of china s financial hub. from the tesla factory to the happiest place on earth, disneyland. shanghai is the basis for many global companies in china. the international airport is among the busiest in the world but the city has imposed two waves of lockdown is of a nine days. the first one on the eastern side of shanghai financial centre is based. the western side are scheduled to go into effect today. experts say the move could be a costly one for the world s second biggest economy, a major chain flow. a ma or chain flow. shanghai is a major chain flow. shanghai is a ma or a major chain flow. shanghai is a major hub a major chain flow. shanghai is a major hub for a major chain flow. shanghai is| a major hub for semiconductors and electronics, hosting packaging firms and it i
shanghai returns to lockdown as covid cases surge in china s financial hub more now on the economic impact of the war in ukraine and those growing global tensions over energy. as we ve been reporting russia is threatening to cut gas supplies to what it calls unfriendly foreign countries unless they start paying in roubles. on thursday vladimir putin signed a decree stating buyers must open rouble accounts in russian banks from today. the russian president s demand is being seen as an attempt to boost the rouble, which has been hit by western sanctions.
Shanghai tested more than 8.26 million residents in a new round of nucleic acid testing on Monday, a municipal health official said in a press conference.