Why covid-19 did certainly not damage rich economies as extremely as very first thought

.PRESENT DAY ECONOMIC studies are actually most ideal considered a work in progression. As new information becomes available to nationwide statistics workplaces they upgrade as well as revise earlier published amounts. The picture of the economic climate enters emphasis merely slowly, additional like an antique polaroid than a snap on a present day mobile phone.

Revisions of much older information are actually component the process and also hardly ever make the headlines. Yet before 2 months revisions in Britain and also Italy have resembled spinning and rewrite latest economical background. What happened?