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V, W or L: What shape would the recovery take?

A V-shape path is plausible with a relatively rapid recovery; but there could be a risk of a double-dip recession if Covid-19 lingers.

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The world economy is in the midst of a sudden stop where activity has been brought to a halt by official action to suppress the coronavirus.

ALTHOUGH a rapid V-shaped recovery is our central forecast, there is a risk of a "double-dip" recession if Covid-19 lingers.

The world economy is in the midst of a sudden stop where activity has been brought to a halt by official action to suppress the coronavirus. On our forecast, the...

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