Asked by
Birds of the sky (2 Golds)
Sunday, 30 Aug 2020, 10:59 PM
at (News
Editorial)
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Answer(s):
V - Shaped Recovery (Short Note) ============================= A V-shaped recovery - a shorthand to elucidate the recovery process after a crisis like an economic downturn, financial crisis or horrendous global pandemic like the coronavirus - implies that the economy rapidly snaps back from a steep downturn in activity, with no hiccups along the way. Growth continues at the same rate as before. Our emerging and spotless economy has suffered a helfty toll during the coronavirus pandemic and that it will not fully rebound this calendar year. But it is a cautious optimism that a V - shaped economic recovery from the coronavirus is still plausible. Such recoveries are spurred by a massive shift in economic activity led by increased consumer demand and spending. ___________________________________ U - Shaped Recovery (Short Note) ============================= The conspicuous term is used to describe the contour of economic measures on a chart that envisages an economic hurly - burly and recovery with a gradual decline as well as a gradual upheaval. Under this scenario, the economic damage lasts for a hefty period of time before eventually reaching the baseline level of growth again. The economy bounces back, but the damage at the bottom lingers for a while. The 1973 - 75 recession was deemed to be U - shaped because of the nearly two year duration of slow growth. ============================= A New Normal (Short Note) ============================= As the world fitfully rebounds from the crumbling economy, many global and prominent companies are confronting a "new normal " - the prospect of slow growth for many years to come. A new normal, more formally, is a state in which an economy, society, etc. settles following a crisis, when this differs from the situation prevailed prior to the start of the crisis. The term has been applied following the financial crisis of 2007 - 2008, the aftermath of the 2008 - 2012 global recession and the Covid - 19 pandemic. A new normal helps companies to stand up and out during tough times. It is imperative to state that, hunkering down may be the preferred strategy in tough economic times in this lethal pandemic time. ============================= Answered by Birds of the sky (2 Golds) Sunday, 30 Aug 2020, 11:01 PM |