Write hard and clear about what hurts

Economists have frequently used the alphabet to characterize the profile of the recovery. But one letter does not fit all. It is the duration of the epidemic which will ultimately determine the shape of the recovery. The desynchronisation of cycles should open the door to traditional geographic diversification.

The letters V, U, L, W and, more recently, K have been (and still are) widely used, often without specifying the horizon of the analysis or the underlying assumptions on the duration of the epidemic, and in any case without discriminating between economic variables (are we talking about GDP, GDP per capita or employment?).

Read the complete whitepaper now at the link below