Shape of Economic Recovery

  • The impact of COVID 19 on world economy has led to speculations on economic recovery models.
  • Economic recovery can take many forms, which is depicted using alphabetic notations. For example, Indian government has claimed V-shaped recovery of Indian economy post COVID-19 disruptions.
  • The alphabets generally denote the graph of growth rate, which resembles the shape of the letter.The fundamental difference between the different kinds of recovery is the time taken for economic activity to normalize.

V-shaped recovery

  • It is a scenario of recovery in which the economy quickly recoups lost ground and gets back to the normal growth trend-line.
  • In this model, incomes ....
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