Why covid-19 did not damage wealthy economic climates as severely as 1st notion

.MODERN-DAY ECONOMIC studies are actually most effectively thought of as a do work in progression. As new info appears to national data workplaces they update and also revise formerly published varieties. The picture of the economic situation comes into focus only little by little, even more like an old-fashioned polaroid than a breeze on a modern-day mobile phone.

Alterations of older data are part and parcel of the procedure and also seldom make the headings. Yet before two months revisions in Britain and also Italy have resembled rewording current economical history. What took place?