Christine Chmura
What will the economic recovery from the pandemic look like and when will it take place?
Ask Virginia’s economic experts and they’ll tell you it depends on a number of factors, including the continued rollout of vaccines, the next round of stimulus and which sector of the economy we’re talking about.
Often, economists brand the trajectory of a recovery with a letter, labeling it after what the economy’s decline and improvement would look like on a chart. Regarding our current recession, economists often reference a V-shaped recovery — meaning a sharp decline and a sharp rebound — or a K-shaped recovery, meaning that different sectors of the economy are recovering at different times, rates and magnitudes.
