Outlook 2022 – First For Finance 14th Edition

In the summer of 2020, shortly after COVID-19 restrictions where initially put in place, in many major economies there was much debate around the length of the anticipated recession. Specifically, forecasters were split over whether a ‘V-shaped’ or ‘U-shaped’ economic recovery was more likely. With a few noted exceptions, these have been the two most frequent paths of previous economic recessions and recoveries, with the letters describing the trajectory of GDP, employment and other key economic variables over time.