Comment: A V-shaped recovery remains possible
Many classic short-term indicators suggest that the economic outlook need not be as bleak as many believe
Since March, I have been more open than other commentators to the possibility of a “V-shaped” recovery from the pandemic-induced downturn, although I have also consistently warned of structural challenges facing many economies in the decade ahead.
Wherever I have expressed this optimism, I have met with pushback, given the apparent depth and scale of the current crisis. Yet, as we move into July, many classic short-term leading and coincident indicators still point to a ...