Economic and Financial Developments and Data Utilization History of data utilization The world economy has also developed along with the evolution of data utilization. In this sense, one of the largest breakthroughs in economic history was the birth of money. When people exchanged goods, or bartered, the values of these goods were measured only in relative terms on a bilateral basis.
At the same time, the central tendencies of the projections of real GDP growth in 2011 and 2012 were marked down nearly 1/2 percentage point compared with those reported in April, suggesting that FOMC participants saw at least some part of the first-half slowdown as persisting for a while.