V SHAPED ECONOMIC RECOVERY
The V-shaped economic recovery means quick and sustained recovery in measures of economic performance after a sharp economic decline.
Specifically, a V-shaped recovery represents the shape of a chart of economic measures economists create when examining recessions and recoveries.
A V-shaped recovery involves a sharp rise back to a previous peak after a sharp decline in these metrics.
The recoveries that followed the recessions of 1920-21 and 1953 in the U.S. are examples of V-shaped recoveries.