"sharp revision" is a correct and usable phrase in written English.
It is typically used to describe the act of carefully reviewing and making significant changes or improvements to something. Example: The student's essay received a low grade, so he requested a sharp revision from his teacher before submitting the final draft.
For many analysts, it was not the size of the exposure, but the sharp revision that unnerved them.
The report was a sharp revision of the World Bank's November forecast, which predicted an increase of 3percentt in gross domestic product in 2009.
In Britain, for instance, Internet ad spending will rise 32percentthis yearaccordingding to ZenithOptimedia, a sharp revision from the agency's previous prediction of a 26percentt gain.
The sharp revision in Russia's economic forecast is the first admission from the government that the economy will contract.
The forecast was made by the Office for Budget Responsibility OBRR) in November's Autumn Statement, although this estimate marked a sharp revision from the previous prediction of £55.5bn.
That marks a sharp revision from a prior reading of 63.3, and the drop comes as Americans grow more discouraged over the sluggish pace of economic recovery and lack of improvement in the job market.
At the same time, sharp revisions in recent economic data raised concerns that the United States economy might be entering a new recession.
This iteration tends to include sharp revisions, because almost all of the final month's numbers are available.Some statisticians argue that there is a case for postponing the GDP data, as countries such as Canada and Australia do, until it is comprehensive.
Economists had expected no change in the BEA's third effort at estimating GDP, and such sharp revisions are rare in a third estimate.
It is not unusual for the government to make sharp revisions to GDP numbers, as it does not have complete data when it makes its initial estimates.
The report notes that Opec and the IEA have been revising projections for oil demand downwards since 2006, with by far the sharpest revision this year.
