Page 66 - IBT October 2020

Economic Growth

Recovering

From A

Pandemic

By Nasirra Ahsan

The world is braced for recession
even after governments and economic consequences.
central banks have pumped As many economies take
trillions of dollars into their their first steps towards
economies and slashed interest reopening, there’s been lots
rates. Millions of people are out of debate on an alphabet
of work, financial markets have soup of recovery paths from
been rocked, small businesses V-shaped, L-Shaped to
have gone belly up and supply U-shaped. These graphs are a
chains have faced major measure of economic
disruption as factories around the performance over time.
world have closed. "How bad will Economists use the shape of
it be?" and "How soon will we the graph as a shorthand to
recover?" are likely the questions describe the recovery process
that are plaguing businesses and after a crisis like a recession,
individuals globally. financial crisis or external
The measures taken by the shock like the coronavirus.
Government of Bangladesh and Of course, economists don’t
other nations around the world to always agree on what the
manage the COVID-19 recovery process is likely to
pandemic—restricting travel, look like, and predictions for
shuttering nonessential the outcome of the current
businesses and implementing crisis run the gamut from a
universal social distancing sharp recovery to a slow
policies—have had severe
paced one.

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