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We use this expression to say that the situation may be negative, but we are thinking positively about it.
Written: Yes
Spoken: Yes
Formal: No
Informal: Yes
Example 1
My friend fell over and sprained her ankle last night. Those stairs are dangerous.
It could be worse - I know someone who actually broke her leg falling down those stairs.
Example 2
The man has just told me the new computers won't be here until Friday.
It could be worse - once we had to wait 6 weeks for new equipment!
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