Analysts speak of U-shaped or V- shaped recessions – what is the difference?

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Aggregate economic activity: real GDP and its components Include in this section a brief discussion of the typical business cycle and whether – and if so, how – the COVID-induced recession differs from previous recessions. Analysts speak of U-shaped or V- shaped recessions – what is the difference? Which one might fit the recent experience due to COVID 19? Or is it a K? oraW?

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