Why covid-19 performed not damage abundant economies as severely as initial thought

.PRESENT DAY ECONOMIC data are actually most effectively taken an operate in development. As brand new info appears to nationwide statistics offices they upgrade and revise earlier posted varieties. The picture of the economic condition comes into concentration merely gradually, additional like an outdated polaroid than a piece of cake on a modern mobile phone.

Corrections of older data are part and parcel of the procedure and also rarely make the headings. But over the last two months alterations in Britain as well as Italy have resembled rewriting recent economic background. What took place?