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Caroline Baum: Forget the V-shaped recovery: The economy won’t bounce back quickly
The scars from shutting down the economy are apt to linger. Recessions characterized by a sharp deceleration in economic growth are often followed by a sharp acceleration. Hence, the origin of the nomenclature a “V-shaped recovery.” Given the sudden, severe and exogenous nature of the current downturn, the onset of which will likely be dated
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Posted: April 8, 2020 Wednesday 06:48 AM