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Deciphering the Shape of Economic Recovery by PBS NewsHour

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Deciphering the Shape of Economic Recovery

Making Sen$e

by PBS NewsHour

Narrator PBS NewsHour

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Length 5 minutes

Language English

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Summary

What do economists mean when they talk about the shape of a recession or recovery in terms of letters of the alphabet? Paul Solman talks with Simon Johnson of the Massachusetts Institute of Technology to understand how we graph a recession and its corresponding recovery. Then, leading economists weigh in on the shape they think the recovery will take. Will it look like a V, W, or U?

Business Politics & Economy Nonfiction