HOW FAST will the global economy RECOVER??? How does its SHAPE compare to the 2008 FINANCIAL CRISIS?

What shape will the recovery of the global economy have and how will this compare to the financial economic crisis of 2007-2008? Will we face an L-shape? U-shape? V-shape? Or perhaps a W-shape? What do all these shapes of economic recovery mean actually?

0:00 Intro
0:33 Effect of COVID-19 on the Economy
2:21 Sector-Based Recovery Trajectory
6:06 Global Economic Recovery Trajectory
6:44 Comparison with Financial Crisis

Some background reading:

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#COVID19 #Economy #Crisis