be out of the woods

Park Williams, a climate scientist at UCLA, said he thinks California may be “out of the woods” for a very large forest fire this year, but that all the new growth spurred by the rains could make for dangerous conditions in 2024.

"We may not be out of the woods yet, but back-to-back gains in core capital goods orders more broadly point to a potential bottoming out in spending and upside for second-quarter equipment spending," said Tim Quinlan, a senior economist at Wells Fargo in Charlotte, North Carolina.

Even if the state makes it through the present round of storms without a catastrophic flood, it won't be out of the woods yet.

Whilst for the Eurozone and the UK we don’t appear to be out of the woods just yet, as the necessary tightening of financial conditions looks set to weigh on both equity and bond returns.”

Takeshi Minami, chief economist at Norinchukin Research Institute, cautioned that Japanese manufacturers were unlikely to be out of the woods, adding that he expected demand for their products to stagnate ahead.