But if there's one thing we can be certain about, it's that the economy will not evolve exactly as set out in our base case. So, a very important part of our outlook is the assessment of the risks surrounding our projection. There are risks on both the upside and the downside.
At times, this has required working to preserve the stability of systemically critical financial institutions, so as to avoid further costly disruptions to both the financial system and the broader economy during this extraordinary period.