.PRESENT DAY financial data are best thought of as an operate in development. As new details becomes available to national studies offices they upgrade and revise earlier released varieties. The picture of the economic situation enters focus only slowly, more like a vintage polaroid than a breeze on a contemporary smartphone.
Revisions of older information are part and parcel of the process as well as hardly ever make the titles. But previously two months corrections in Britain and also Italy have actually come close to revising recent financial background. What happened?