Turns out there was a classification error, which led to the 13.3% headline figure.
Still, due to rule changes, a number went back to work en masse, such as dentists. So this explains the fact the figures are slightly better than expected.
At the same time, i don't think we know yet if we will see a v shaped recovery. It depends on the level of government support as businesses seek to transition back to work, in my view. A lot of them will have gone under. If it does a good job, the government will nurse the economy, while gradually weening it from support.
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