Why covid-19 did not injure wealthy economies as badly as very first notion

.MODERN-DAY economical stats are actually most effectively thought of as a function in improvement. As new info appears to national stats workplaces they improve and also modify formerly posted numbers. Account of the economic condition enters into focus only gradually, more like an old-fashioned polaroid than a snap on a present day smart device.

Revisions of more mature data are component the method as well as rarely make the headlines. But over the last two months modifications in Britain and Italy have come close to spinning and rewrite recent financial past. What took place?