The “Great Lockdown” has hit global economies hard. Business shutdowns have left unemployment soaring, supply chains fragmented and markets plummeting. One International Monetary Bank official has said the Great Lockdown could lead to the worst economic downturn since the Great Depression.
The resulting recovery is likely to be slow and experts have considered a range of models for what that might recovery could look like. Earlier this spring, some analysts hoped for a V-shaped recovery that would see us bounce back quickly. Now, some back the “Nike swoosh” – a stuttering comeback over a longer time.
The Brookings Institution recently outlined a range of models that analysts and economists have been considering. We’ve combined their analysis with insights from other sources, including those quoted