Things are looking up then. There are green shoots of recovery. The 'mood music' is lifting. Ireland will bounce back. NO, really, come back.
Nonsense, of course. Everything has changed, not least our respect for people who offer up phrases like 'recession narrative' to make us feel better.
We are battered not stupid and, as the opening 'narrative' of Josephine Hart's Damage, reminds us: "Damaged people are dangerous because they know they can survive."