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V, L or ‘Nike Swoosh’? Economists Debate Shape of Global Recovery
By and
Updated on
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Analysts see many potential shapes for post-virus economy
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Hope had been for a V-shape recovery, but doubts have emerged
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Economists are serving up a menu of alphabet soup in trying to forecast the world economy’s recovery from what is set to be the deepest recession since at least 2009 and perhaps since World War II.
A V-shape in which the rebound is as swift as the slump was the favored trajectory early on, but now more are starting to worry about a U-shape. The most pessimistic are looking at global growth tracing an L or a W -- or a more mangled path that bears little resemblance to Roman letters.
