UK economy - NOT amateur radio

In the last few hours the Bank of England has produced revised predictions for the UK economy. Although the fall-out from Covid-19 will have grave consequences for the whole of the world, the predictions of the UK are not quite as dire as they once were. Yes, the dip into recession will be bad and the recovery slower, but things could have been much graver. It says something when a dip of 9.5% in economic activity is considered good news!