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Will it be a 'V' or a 'K'? The many shapes of recessions and recoveries

  • Written by William Hauk, Associate Professor of Economics, University of South Carolina
Will it be a 'V' or a 'K'? The many shapes of recessions and recoveriesA 'V' recovery is seen as the best way to bounce back from a recession. Steve Stone/Moment via Getty Images

Recessions – typically defined as two consecutive quarters of declining economic output – are always painful in terms of how they affect our economic well-being. Like all bad things, fortunately, they eventually end and a recovery...

Read more: Will it be a 'V' or a 'K'? The many shapes of recessions and recoveries

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