LONDON: Will be it a U? A V? Maybe a W? Predictions for economic recovery after coronavirus-linked lockdowns are throwing up a medley of letters ...
LONDON: Will be it a U? A V? Maybe a W? Predictions for economic recovery after coronavirus-linked lockdowns are throwing up a medley of letters to indicate whether we can expect a bounceback, a slow-burn recovery or relapse.
The April-June GDP contraction will likely be on a scale not seen for decades. But fiscal and monetary stimulus - over US$10 trillion and counting - could aid an equally swift rebound. "Easing of the lockdown measures will be gradual, social distancing will continue and the tourist industry will likely continue to suffer," Brzeski said.Graphic - U-shaped recovery: https://fingfx.thomsonreuters.com/gfx/editorcharts/yzdpxkravxe/eikon.pngDouble-dip - if the easing of lockdown restrictions initially boosts activity but the effects of unemployment and corporate bankruptcies then start to filter through.
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