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
A 'V' recovery is seen as the best way to bounce back from a recession.
Steve Stone/Moment via Getty ImagesRecessions – 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