L-shaped recovery,
Definition of L-shaped recovery:
Economic data is presented graphically in the form of an L-line. It forms a measure of economic recession where a portion of L represents a sharp slowdown, followed by a slow and shallow economic recovery. , Represented by another L. The missing decade section is one of the best examples of L-shaped recovery.
LK-shaped recovery is a type of recovery that is characterized by slow recovery, stable unemployment and stable economic growth. LK-shaped demonstrations follow an economic crisis characterized by a more or less sudden economic slowdown, but without a sudden recovery. When presented as a line graph, the graph of significant economic performance during this period visually resembles the letter "L". .
In the case of recession and its consequent recovery, economists often refer to the general form that occurs when it comes to economic health measures. For example, employment levels, GDP and industrial production are indicators of the current economic situation. In the recovery of LK size, there was a sharp decline due to the slowdown in economic growth, followed by an increase in flattery, which indicates a prolonged stagnation. In an LK-shaped recession, recovery can sometimes take years.
Meaning of L-shaped recovery & L-shaped recovery Definition
