A W-shaped recovery involves a sharp decline in certain economic measures such as employment, GDP, industrial output followed by a sharp rise back to the previous peak, followed again by a sharp decline and ending with another sharp rise.
U-Shaped Recovery
A U-shaped recovery involves a gradual decline in certain economic measures, such as employment, GDP and industrial output followed by a gradual rise back to its previous peak.
V-Shaped Recovery
A V-shaped recovery involves a sharp decline in ertain economic measures, such as employment, GDP and industrial output followed by a sharp rise back to its previous peak.
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