Why covid-19 carried out certainly not damage wealthy economies as badly as first idea

.MODERN financial stats are actually well considered a do work in improvement. As brand new details becomes available to national studies offices they upgrade and also modify formerly released numbers. The picture of the economy comes into concentration merely little by little, even more like an outdated polaroid than a snap on a modern smart device.

Revisions of older records are component the process and also rarely bring in the titles. Yet in the past pair of months alterations in Britain and Italy have come close to revising recent financial background. What took place?