What is V and K-shaped recovery?
A V-shaped recovery is ideal since the economy recovers quickly and cohesively. But in a recession that more heavily impacts certain industries or communities, a K-shaped recovery is more likely unless economic stimulus targets the right areas.
What is V-shaped economy?
In a V-shaped recovery, an economy that has suffered a sharp economic decline experiences a fast and strong rebound. Such recoveries are generally spurred by a significant shift in economic activity caused by rapid readjustment of consumer demand and business investment spending.
Who coined the term K-shaped recovery?
Peter Atwater
The divergence during the health crisis exacerbated racial, wealth, social and gender disparities, according to Peter Atwater, a lecturer at William & Mary, a university in Virginia, who popularized the term “K-shaped recovery.” He described it as “stacked inequity on one side and stacked privilege on the other.” More …
What is K-shaped economic recovery Upsc?
A K-shaped recovery is a post-recession scenario in which one segment of the economy begins to climb back upward while another segment continues to suffer. If illustrated, the economic growth would roughly resemble the two diverging diagonal lines of the letter “K” – hence the name.
What is K curve?
What is K-curve? The K Curve depicts the inequality existing between different financial entities in terms of their attributes that determine their future growth and profitability. A K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes.
What is AV shaped?
A V-shaped recovery is a period of economic decline, then a short trough, and finally a rapid recovery. We also call it a V-shaped recession. The majority of periods of ‘recession and then recovery’ come in the form of a V-shaped recovery.
What are the four types of recession?
Types of recession
- Boom and bust recession (e.g. UK 1991/92_
- Balance sheet recession (e.g. Global recession of 2008/09 after credit crunch)
- Depression (1930s, decline in GDP)
- Supply-side shock (1970s recession due to higher oil prices)
What is AV shaped economic recovery?
A V-shaped recovery is a term that describes a period of economic decline (recession) and recovery that resembles a V shape. In the case of a V-shaped recovery, an economy suffers a sharp decline for a short period and then a sharp rise to its previous status.
Is India facing AK shaped recovery?
The economic ravages of the pandemic have had an uneven impact on different socio-economic groups. The recovery we see today is more K-shaped than V-shaped, with various groups and industries recovering much more rapidly than their counterparts.
What is a K-shaped economic recovery?
A K-shaped recovery is an economic recovery following a recession where only certain sectors, industries, or areas of the economy recover while others persistently lag.
What is K-shaped recovery economy?
What Is a K-Shaped Recovery? A K-shaped recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes. This is in contrast to an even, uniform recovery across sectors, industries, or groups of people.
What does K-shaped economy mean?
Economic Recovery
What Is a K-Shaped Economic Recovery, and What Are Its Implications? A K-shaped recovery is an economic recovery following a recession where only certain sectors, industries, or areas of the economy recover while others persistently lag.