BRIAN GAYNOR: what shape will the recovery be: V, U or L?

Fri, 17 Apr 2020

The economy is clearly in recession, but the big question is whether it will be a V-shaped, U-shaped or L-shaped recovery?A V-shaped recovery is when an abrupt decline in economic activity is followed by a quick rebound. A U-shaped revival is when an economy gradually climbs out of a recession and an L-shaped situation is a severe recession when economic activity takes many years to recover.International Monetary Fund (IMF)The recently released IMF economic projections show that the organisation’s economic team is optimistically anticipat...

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