Viewpoints
Opinion

An ‘L’-Shaped Recovery Isn’t an Anomaly, It’s the Norm

An ‘L’-Shaped Recovery Isn’t an Anomaly, It’s the Norm
Federal Reserve Chair Jerome Powell pauses during a news conference in Washington on March 3, 2020. Jacquelyn Martin/AP Photo
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Commentary

Many analysts and economists are trying to predict the shape of the economic recovery post-COVID-19. To understand what the recovery may look like, we need to look at past recoveries and at the history of pandemics.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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