The Economic Perspective: “What Letter Will Describe the Recovery?”

Mary:  I’m Mary Walden, with economist MW, welcoming you to the economic perspective.  Today’s program asks, what letter will describe the recovery.  Mike, eventually the coronavirus will be gone, and the economy will rebound.  Yet what kind of rebound will it be?

 

Mike: Summary Answer

  • The virus has caused a recession, so question is how we will come back from that recession
  • Several options, all described by a letter of the alphabet
  • Best – V shaped
  • Worst – L
  • Also bad – W
  • Most likely, U
  • I’m MW

 

Mary:  And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.