Why covid-19 performed not harm wealthy economic conditions as horribly as initial thought and feelings

.PRESENT DAY ECONOMIC studies are actually better taken a work in progress. As new information appears to nationwide data workplaces they improve as well as modify earlier posted varieties. The picture of the economic climate enters into focus just slowly, more like a vintage polaroid than a breeze on a contemporary cell phone.

Revisions of more mature information are part and parcel of the process and also hardly create the headlines. But over the last 2 months modifications in Britain and also Italy have resembled rewording recent economical past history. What happened?