Why covid-19 performed not damage rich economic climates as poorly as very first idea

.CONTEMPORARY economical studies are actually most ideal considered an operate in progress. As new relevant information becomes available to nationwide statistics offices they upgrade and also revise earlier posted numbers. Account of the economy enters focus only gradually, more like an out-of-date photograph than a breeze on a modern cell phone.

Modifications of more mature data are actually component the method and hardly ever create the headlines. But over the last 2 months revisions in Britain as well as Italy have come close to rewording current economic past history. What happened?