{"id":24075,"date":"2021-10-02T18:11:20","date_gmt":"2021-10-02T12:41:20","guid":{"rendered":"https:\/\/plyinsight.com\/?p=24075"},"modified":"2021-10-04T12:11:32","modified_gmt":"2021-10-04T06:41:32","slug":"economic-recovery-is-it-v-or-w","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/economic-recovery-is-it-v-or-w\/","title":{"rendered":"Economic Recovery – Is it V or W?"},"content":{"rendered":"

\"\"The economic situation may have been different 10 years ago but then finance minister Pranab Mukherjee’s remarks at the US-India CEO Forum in June 2010 are worth recalling with reference to the current economic uncertainty.<\/p>\n

He had said: \u201cEconomists used to tell us last year that the global economy will make a V-shaped recovery … Recently, with the risk of new crises, experts are saying that it may be a W-shaped recovery. Frankly, I’m beginning to feel that for every (letter) in the English dictionary, there is a theory of economic recovery. What so many competing theories of recovery mean is that we really do not know the answer.\u201d<\/p>\n

A V-shaped recovery means there’s a sharp upturn after a quick decline, and a U-shaped one implies there could be months, even years, between decline and a pickup.<\/p>\n

W-shaped recovery, which is also called a \u201cdouble dip\u201d, means the economy picks up only to fall again and then starts rising, while an L-shaped recovery is characterised by a slow rate of recovery, with persistent unemployment and stagnant economic growth. And finally a K-shaped recovery is a situation where there’s a sharp divergence between different strata of society.<\/p>\n

Coming to this financial year, the shape the economic recovery is taking depends on the context we are looking at. While the finance ministry says the recovery is V-shaped, most economists don’t think so.<\/p>\n

\"\"If one looks at year-on-year growth, the recovery is V-shaped after the first quarter because of 20 per cent economic expansion. However, a low base of 24 per cent contraction in gross domestic product (GDP) during the first quarter of the previous financial year has caused this upward jerk.<\/p>\n

If one looks at quarter-on-quarter growth, the recovery seems to be W-shapes if the coming quarters see growth.<\/p>\n

However, when seen quarter-on-quarter, GDP generally contracts in Q1 because the size of the economy is higher in Q4.<\/p>\n

When growth is seen in the context of seasonally adjusted quarter-on-quarter, it seems to be W-shaped if it comes in the next quarters. This is the most appropriate measure in the current times.<\/p>\n

I.V.Dhasmana<\/strong><\/p>\n

\n

\u0906\u0930\u094d\u0925\u093f\u0915 \u0930\u093f\u0915\u0935\u0930\u0940 V \u091c\u0948\u0938\u0940 \u092f\u093e W \u091c\u0948\u0938\u0940<\/strong><\/span><\/h3>\n
\n

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\u091c\u092c \u0924\u093f\u092e\u093e\u0939\u0940-\u0926\u0930-\u0924\u093f\u092e\u093e\u0939\u0940 \u092e\u094c\u0938\u092e\u0940 \u0930\u0942\u092a \u0938\u0947 \u0938\u092e\u093e\u092f\u094b\u091c\u093f\u0924 \u0935\u093f\u0915\u093e\u0938 \u0915\u0947 \u0938\u0902\u0926\u0930\u094d\u092d \u092e\u0947\u0902 \u0926\u0947\u0916\u093e \u091c\u093e\u0924\u093e \u0939\u0948, \u0924\u094b \u092f\u0939 \u0905\u0917\u0932\u0940 \u0924\u093f\u092e\u093e\u0939\u093f\u092f\u094b\u0902 \u092e\u0947\u0902 \u0906\u0928\u0947 \u092a\u0930 \u0921\u092c\u094d\u0932\u094d\u092f\u0942-\u0906\u0915\u093e\u0930 \u0915\u093e \u0932\u0917\u0924\u093e \u0939\u0948\u0964 \u0935\u0930\u094d\u0924\u092e\u093e\u0928 \u0938\u092e\u092f \u092e\u0947\u0902 \u092f\u0939 \u0938\u092c\u0938\u0947 \u0909\u092a\u092f\u0941\u0915\u094d\u0924 \u0909\u092a\u093e\u092f \u0939\u0948\u0964<\/p>","protected":false},"excerpt":{"rendered":"

The economic situation may have been different 10 years ago but then finance minister Pranab Mukherjee’s remarks at the US-India CEO Forum in June 2010 are worth recalling with reference to the current economic uncertainty. He had said: \u201cEconomists used to tell us last year that the global economy will make a V-shaped recovery … […]<\/p>","protected":false},"author":1,"featured_media":24082,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1543],"tags":[1556,1237,1555,354,1289],"class_list":["post-24075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-september-articles-2021","tag-buisiness","tag-companies","tag-econoimic-recovery","tag-economic","tag-money"],"yoast_head":"\nEconomic Recovery - Is it V or W? - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/economic-recovery-is-it-v-or-w\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic Recovery - Is it V or W? - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The economic situation may have been different 10 years ago but then finance minister Pranab Mukherjee’s remarks at the US-India CEO Forum in June 2010 are worth recalling with reference to the current economic uncertainty. 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