Alright. For some reason it was playing the game in borderless mode. Switching it back to fullscreen fixed the issue, although I would still like to play in borderless.
When moving around the world and interacting with it, the game is extremely smooth. The moment I open up a menu such as the handbook or the crafting menu, the game falls below one frame a second and it becomes almost impossible to use the menus. Seems odd to me.
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