Why covid-19 carried out not hurt wealthy economies as severely as 1st idea

.PRESENT DAY economical stats are actually most ideal thought of as a do work in progression. As new relevant information becomes available to national statistics workplaces they upgrade as well as revise recently published amounts. Account of the economic condition enters concentration merely gradually, more like an old-fashioned polaroid than a snap on a modern smartphone.

Revisions of older information are actually component the process as well as seldom create the headings. But previously pair of months revisions in Britain and also Italy have actually come close to rewording current economic past. What took place?