Excellent report. Thanks. But, can I just make one tiny observation: Economic commentators too often talk about the "road to recovery" and "green shoots" - as if it's happening - no matter how tortuous the path. We hear about the "long road to recovery", the "slow road to recovery", the "rocky road". It reflects a sort of unscientific bias - that we should see some positive in the data. That would not be too harmful if it wasn't sometimes blinding to the chance that there may be no recovery.
Excellent report. Thanks. But, can I just make one tiny observation: Economic commentators too often talk about the "road to recovery" and "green shoots" - as if it's happening - no matter how tortuous the path. We hear about the "long road to recovery", the "slow road to recovery", the "rocky road". It reflects a sort of unscientific bias - that we should see some positive in the data. That would not be too harmful if it wasn't sometimes blinding to the chance that there may be no recovery.
bblair0039 1 year ago