Q. “This situation would cause tremendous economic loss, and it often arises during the pandemic. During this, the growth following the unlock measures is hobbled by a surge in infections, like it is happening in India now. The economy, consequently, might take a very long time to get back on the road.”

Which type of economic recovery is being discussed in the above paragraph?

Z-type

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K-type

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V-type

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W-type

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Solution

The correct option is D W-type
Explanation:

In W-type recovery, there are not one but two pits on the road to economic recovery that would make a W-shaped curve. This situation would cause tremendous economic loss, and it could arise during the pandemic; if the growth following the unlock measures is hobbled by a surge in infections, as is happening in India now. The economy, consequently, could take a very long time to get back on the road.

A W-shaped recession begins like a V-shaped recession but then turns back down again after showing false signs of recovery. W-shaped recessions are also called "double-dip recessions" because the economy drops twice before the full recovery is achieved.

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