There is growing concern about India’s slowing economy, which has weakened further due to the covid-19 pandemic. Some experts worry recovery will be slow; others say normalization could be swift as curbs are lifted.
Mint explains the different kinds of economic recovery What are the kinds of economic recovery? Economic recovery can take many forms, which is why it is often depicted using alphabetic notations.
For example, a V-shaped recovery, U-shaped recovery, prolonged U-shaped recovery and W-shaped recovery. The letters generally denote the graph of growth rate, which resembles the shape of the letter.
A V-shaped recovery is usually a quick one from a recession, while a U-shaped recovery is one where the economy stays at a low growth