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Waelti: A K-shaped economy is not good enough
John Waelti
We hear a lot from critics and media pundits about the “K-shaped recovery.” This refers to two divergent paths of “recovery” — one for struggling sectors (the descending leg of the K) and another for sectors on a growth trajectory (the ascending leg of the K). The term is a misnomer. The declining leg of the” K” is not recovery at all.