Interesting shift. What about India/Pakistan? I’d be curious about if there is growth from Eastern Europe.
Curious: your use of the term “collapse” – are you posting this to express displeasure? Or are you in agreement? Or neutral?
In your seven year sample, I see don’t see 127 as any sort of “collapse”. The average is 138.1. The peak of 152 is +14 while the 127 is -11. I hardly see any collapse unless this continues. But in your set of seven figures – 127 is not a collapse